Benefits of Flexible Remortgage
Flexible remortgage is a type of mortgage plan offered by lenders that offers great flexibility in the requirement to make your monthly payments.
Typically the features of the flexible remortgage include: -Borrow (redraw) any previous overpayments -Underpay less than the normal payment -Overpay above the normal monthly amount -Miss payment for up to 3 to 6 months These features work well for anyone who has a varied salary schedule or who has a seasonal salary schedule. The ability to make these payments without penalty is also an unusual feature. Most traditional remortgages require an individual to make monthly, consistent payments. The UK adopted this form of remortgage in 1995.