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Flexible Mortgage UK

If we get into the history of flexible mortgage then its first usage and reference was found in its first successful introduction in Australia in the early 1990’s leading to the phrase Australian mortgage being used to describe this type of conceptual arrangement. This concept of flexible mortgage traveled to UK in the year 1995.

The term flexible mortgage refers to a UK residential mortgage that offers flexibility in the requirements to make monthly repayments.

Key elements of Flexible Mortgage Facility:

  • to underpay - less than the normal amount.
  • to take a payment holiday - stop repayments for a period, typically 3 to 12 months.
  • to make overpayments (more than the normal amount).
  • to redraw (borrow back) any previous overpayments.

Above described features allow a flexible mortgage to be adaptable to individual circumstances. This is especially useful for self employed borrowers and those with a variable income. By way of example, borrowers whose income includes a significant but irregular commission component might make use of commission payments to make overpayments, thereby reducing the term or enabling them to underpay at other times. Our UK flexible mortgage calculator will help you see how overpaying your mortgage could help you shorten your mortgage term and save you thousands of pounds in interest.

With traditional mortgages, borrowers often face large penalties for additional capital repayments or if payments were not made on time. Concept of Flexible mortgage loans gives extra flexibility to burrowers in making monthly payments. Just complete the analysis of Flexible mortgage and allow us to serve you with best available option in the market. For any related clarification contact us through any available mode of communication. Your communication is precious for everybody at


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