A truly flexible mortgage loan is one where you can make regular overpayments, regular underpayments, make lump sum payments to reduce your mortgage, take payment holidays from your mortgage. And in doing all of this you do not incur any extra charges on your mortgage loan. Also when you make an overpayment, you immediately start paying interest on a smaller loan amount. There are many types of flexible mortgages on the market these days for example you can have flexible fixed mortgage, flexible discounted mortgage, flexible tracker mortgage, flexible offset or current account mortgages etc.
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