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Flexible Mortgages
A recent addition to the different types of mortgage products on offer, the flexible mortgage can mean many different things.
The minimum features that a flexible mortgage must offer are:
- Interest that is calculated on a daily basis
- Allow the borrower to overpay or underpay without penalty
- Payment "holidays" (i.e. to miss a monthly payment) if required from time to time
We Search Over 33,000 Mortgages / Remortgages for You |
Lots of flexible mortgages also incorporate additional features such as providing the borrower with a cheque book so that they may make purchases and add the amount to the mortgage.
Current Account Mortgage
Another type of flexible mortgage is the Current Account Mortgage.
This type of product allows you to use the features of a standard current account, such as paying bills by direct debit or standing order and receiving your salary directly into the mortgage account.
Offset Mortgage
Yet another type of flexible mortgage, the Offset Mortgage offers the borrower a savings account where the interest earned is offset against the interest payable on the mortgage loan. . . more Flexible Mortgage details
Global Financial Limited's independent mortgage brokers are able to search 1000's of current mortgages and will be able to take you through the various features so that you can find a product that suits your needs.
If you would like one of Global Financial Limited's independent mortgage brokers to search the market for a flexible mortgage then simply fill in the form above and a broker will phone you to discuss the finer points as you would not want to sign up to a mortgage that is not quite what you wanted.
They will take you through things such as whether the mortgages have penalties for early surrender, what the fees are likely to be, if cash back is included, etc. Fill in the form and we will call you at your preferred time
or call us now on 01403 780788 |
Global Financial Limited is authorised and regulated by the Financial Services Authority.
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
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