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15 Oct 2019

Mortgage Advice


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What is...

  1. Fixed Rate
  2. Variable Rate
  3. Capped Rate
  4. Discounted Rate
  5. Tracker Rate
  6. Cash Back
  7. Flexible Mortgage
  8. Offset Mortgage
  9. Libor Mortgage

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Flexible Mortgage

Flexible Mortgage

A flexible mortgage could be right for you as it allows you to change your payments to suit your circumstances as the ups and downs of life affect you ability to pay  the monthly payments.

Flexible mortgages allow you to overpay and underpay without redemption penalties being charged. You can tailor you current financial situation to the mortgage payments that you make. When you have spare cash you can overpay and if necessary you can underpay, skip a payment or even borrow money against the capital repaid.

Advantages and Disadvantages of a flexible rate mortgage


  • You can pay off your mortgage early, without penalty, by making overpayments.
  • You can borrow against mortgage overpayments or equity in the property more easily, and at a lower interest rate than a 'standard' loan. (dependent on the type of flexible mortgage)
  • You are able to change mortgage at any time without being penalised as there are no early redemption penalties.



  • Making too many underpayments could result in extending the mortgage repayment period.
  • No stability when compared to a Fixed rate mortgage


Flexible rate mortgages for further information

I am remortgaging  I am moving home



Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £500