Andrew Moss, Product Development Manager, says: "We decided to change its name to FlexAbility, because we believe it better reflects what the mortgage has to offer."
With a FlexAbility mortgage, customers will be able to take advantage of:
No redemption penalties or tie-ins
Flexible payment options - overpay, then underpay, take a payment holiday or take the cash
Tax-efficient savings - interest on overpayments is saved, not earned, so customers don't have to pay tax on it
Generous LTVs
No MIG
Competitive interest rates linked to the Bank of England base rate
Special deals and rates are usually available through most networks and clubs.
"The FlexAbility mortgage does exactly what it suggests", Andrew Moss continues. "It gives customers the ability to take control of their mortgage payments and make the most of the flexible options open to them."
