| Flexible Mortgage |
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As a rule the more flexibility you want the more you will pay in interest. These types of mortgage are useful if you are not sure how much money you need to borrow, if for example you are undertaking a building project a flexible mortgage may allow you to borrow up to a certain level of your property value to fund the project.
Generally speaking a flexible mortgage will allow you to overpay the mortgage without penalising you. You may also be able to “borrow back” money you have paid previously. As the name suggests they are flexible but you will pay a bit more in interest.
If you would like to discuss a flexible mortgage then please contact us here or call Richard on 0845 430 8676. 
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