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Flexi fixed
jaxwat
Posts: 14 Forumite
Just wondering what a Flexi Fixed mortgage is? Is it fixed or flexible???
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Comments
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Without knowing which deal you are talking about, it is probably a fixed rate with flexible features such as overpayment facility, payment holidays, borrow back etc
HTHI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I've got a Coventry BS flexi fixed rate.
It just means the interest rate is fixed for a certain period (2 years in my case), but it is flexible in that I can overpay as much as I want every year (as long as I don't repay all of it I won't have to pay an early redemtion charge), or take payment holidays of up to 3 months a year.0 -
Ok, I'm with you, obviously its not a reference to the actual rate just the benefits it offers. Thanks.0
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