Flexible Rate Mortgage Advice

Flexible Rate Mortgage Advice

If you want to find out more about the flexible mortgages and rates which are available, get in touch with us and we can explain it to you.

Mortgages and Interest Rates

Mortgages and Interest Rates

Buying a house can be complicated if you have not done it before, our professional team are here to help you with any questions you are unsure of.

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Flexible Rate Mortgage Advice

Our team of specialist consultants can give you flexible rate mortgage advice and help you locate the perfect house loan to help you get a house.

We can look at your needs and give expert guidance to get the ideal option for you personally.

Finding a flexible mortgage that works for you is important, whether buying a brand new home or remortgaging your existing one.


Don't hesitate to contact us today for further information regarding flexible mortgage advice.

Our team are happy to provide you with all the details you will need to find the mortgage rates that fit your needs and are right for your requirements.

Just fill out the flexible mortgage enquiry form provided, and a team member will get back to you as soon as possible. 

What are Flexible Rate Mortgages?

Flexible rate mortgages mean that you have more flexibility with your monthly payments.

With a flexible mortgage, you can change the amount you contribute each month depending on your financial circumstances. 

For example, if you find yourself in a difficult financial period, you are allowed to take a payment holiday or underpay your mortgage for a month or so. 

This flexibility is extremely beneficial as it takes the pressure off you to meet strict monthly instalments. 

If you are doing well, you can pay a greater monthly instalment and reduce your interest rates; but if you are struggling, you can make a lower, more affordable payment. 

What are the Benefits of Flexible Rate Mortgages?

There are many benefits associated with taking out a flexible rate mortgage:

  • Interest rates can be calculated daily.
  • Overpayments are permitted. 
  • You can request payment breaks or a payment holiday. 
  • Underpayments are permitted. 
  • You can request a borrow back. 
  • A drop lock or switch and fix allows you to switch to a fixed loan. 

Types of Flexible Mortgages

There is a range of flexible mortgages that you can consider:

Flexible Lifetime Mortgages

You might have heard of flexible lifetime mortgages, which are completely different to flexible mortgages. 

A flexible lifetime mortgage is a kind of equity release that permits individuals above fifty-five to access their capital through a loan. 

With a flexible lifetime mortgage, you will not need to make any repayments, and you can request small payouts at different times. 

Should you pass away, the remaining sum in your account will be passed on to your loved ones. 

Flexible Buy-to-let Mortgages

A flexible buy-to-let mortgage allows you to make occasional instalments to reduce your outstanding balance. This allows you to reduce the amount of interest you owe each month. 

Depending on your lender, you may even be able to increase your loaning amount later on if you need to access more funds. 

Typically, a buy-to-let mortgage is interest-only, so your loan total will not change throughout the mortgage term. 

So, a flexible arrangement may be beneficial as it allows you to change your instalments depending on your financial circumstances. 

Flexible Tracker Mortgages

A standard tracker mortgage follows the base rate of the Bank of England, and your payments and interest rate will be adjusted accordingly. 

However, a flexible tracker deal comes with a drop-lock feature, allowing you to switch to a fixed-rate mortgage anytime. 

It is beneficial to take out a flexible tracker mortgage if interest rates rise dramatically; you can switch to a fixed rate that will be lower. 


What Fees Will You Have to Pay for a Flexible Mortgage?

A flexible mortgage is essentially a standard mortgage agreement with additional benefits.

You will face the same fees as with any other mortgage, such as:

  • An arrangement fee. 
  • A booking fee. 
  • A valuation fee. 
  • Legal fees. 

Speak with one of our mortgage advisors to better understand the costs and processes of securing a flexible mortgage. 

Flexible Rate VS Variable Rate Mortgages

With a flexible-rate mortgage, you can decide what your contributions are each month. 

However, with variable-rate mortgages, your instalments and interest rates depend on your lender's Standard Variable Rate or the Bank of England base rate. 

So, flexible mortgages allow you to be more independent and to adjust your monthly repayments based on your financial standing. 

Whereas with a variable rate mortgage, you must abide by the guidelines an external party sets, be your lender, a bank, or building society. 

There are many benefits to variable-rate mortgages; however, if you want greater control of your monthly repayments, then a flexible mortgage may be a better suit. 

Flexible Rate VS Fixed Rate Mortgages

The main difference between a fixed rate mortgage and a flexible mortgage is that you cannot change your monthly payment amount or interest rates with fixed mortgages. 

Whereas with flexible rate mortgages, your monthly payments are decided by you. 

If you have a difficult month, with a flexible agreement, you can opt to make lower payments; however, if you are on a fixed term, you will have to meet the unaffordable mortgage payments. 

Flexible Rate Mortgage Specialists

Our skilled team will give you flexible mortgage advice, and you can find out what you need to know regarding how much it will cost you and what you could borrow.

There is a selection of expenses involved with purchasing a home, but we will assist you through each part to make it as easy as possible.

Your consultant could also talk with lenders and solicitors throughout the application to guarantee that everything is as easy as it can be for you.

Moreover, we will advise on 95% mortgages, such as shared equity plans which can help you buy a far better home than you ever believed you could.

Finding a house loan doesn't have to be confusing, and your expert will always do what they can to ensure your house purchasing experience is enjoyable.

Please contact our team for further information on the top mortgage schemes https://www.amazingmortgagedeals.co.uk/help-to-buy/mortgage-scheme/.

Loan Schemes Near Me

The loan scheme is available on newly built homes from participating home builders and provides affordable interest rates.

A minimum of a 5% down payment is needed to get a 20% equity loan through the government, combined with a 75% mortgage plan through a certified mortgage lender.

Another element of the government program is the guarantee approach. Through this, home movers and first-time buyers could get home loans of 95%, with 15% offered by the government.

This area of the approach corresponds to present houses and newly built ones.

Find out more about Nationwide https://www.amazingmortgagedeals.co.uk/reviews/nationwide/ and other mortgage providers by contacting us today.

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Our professional house loan consultants will be pleased to assist you with what you need, whether you are trying to get your very first mortgage loan or relocating.

Make sure to get in touch with our company to talk about your choices and obtain specialist advice.



As you’ll be dealing with your mortgage consultant, you can rest assured that we will choose the best answer to your queries.

The work included in acquiring a home loan can be challenging, but we’ll be available to assist with whatever you need.


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