Advantage Innovative Lending - Flexishare

paul090971

Advantage Innovative Lending - Flexishare

Anyone any info on this company or their mortgage deals.

Seem to be able to fix 30% of the loan at 2.99% and and the balance on their tracker. My mortgage advisor is looking at them currently, wondered if any advisors had heard of them?

paul

payless

Most on the mortgage is on a rate that appaers not as competitive as other products

Borrowers elect between 15% - 35% of property price
This will be at a low fixed rate for the term of the loan.

If the value of the property falls then so does the final repayment amount

BUT
Advantage takes a share in any increase in property value in the
same proportion as the Part 2 Residential Ownership Loan ( low rate fixed element)

They may possibly lend more than most of the tradiational lenders
----
My view- overly complicated to suit the marketplace.

paul090971

Bloody hell sounds different to your average mortgage! Not sure I like that idea.

Think I may be struggling to find a mortgage to suit my requirements, and yes I have a financial advisor but may look elsewhere