Compare flexible remortgage deals
With a flexible remortgage, you can vary your remortgage payments to suit your personal situation. This gives you the flexibility to make overpayments and underpayments, or even take a break from making any remortgage payments at all. Our service can help you find a flexible remortgage:
Some flexible remortgage products, usually known as offset remortgages, work a bit like a bank account; the option exists to have your salary paid into your 'account', and you can use this, along with savings, to 'offset' what you owe, which can mean you pay off your mortgage more quickly.
A flexible remortgage deal may be particularly suited to customers who have an irregular source of income. As In many instances, these mortgages allow customers to under or overpay depending on their current financial situation.
Indeed, there are also many other advantages to remortgaging your property, some of which include:
- You may find a better deal with better interest rates which could save you money.
- You could consolidate your debts into one easier monthly payment.
- Money that is saved can be used for home improvements or other expenditures.
However, you should also note that there are some issues with remortgaging you property. For example, penalties and fees could be very expensive. You should always check the total amount of costs before committing to a policy. For more information on flexible mortgage deals, please see our mortgage comparisons table above.
If you already have a flexible mortgage, you may be able to change mortgages with relative ease compared with many other types of mortgage agreement. However it is worth remembering that flexible remortgages are not to everyone’s preference, and it depends mainly on you and your personal circumstances.
As is the case with any long term financial product, these mortgage deals require a great deal of careful consideration and financial planning. Comparing flexible remortgage offers to find the most suitable deal is highly recommended.