Mortages / Flexible Mortgages

This type of mortgage is relatively new. The interest rate can be discounted, fixed, capped or variable, but has the big advantage that it is calculated daily or monthly instead of annually. This means that any capital repayment of the loan will affect the interest charged on the outstanding balance immediately. By making regular overpayments, the interest saved on the mortgage over the term can be quite significant. Also, most lenders will allow funds to be drawn from the account up to the original mortgage balance or even allow payment holidays.

Other Mortgages:

For further information on any of our mortgages call us on 0191 268 1049, or use our Call Back Form and we'll call you at your convenience.

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