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Mortgage Flexibility - Northern Rock
NorthernLad_2
Posts: 6 Forumite
I currently have a Northern Rock mortgage and my fixed rate is due to end in the next few months.
Northern Rock mortgages all seem to include flexibility about being able to making unlimited overpayments, underpayments by the value of my overpayments, borrow back the money I have overpaid and take payment holidays when needed.
I currently use my mortgage like a savings account investing what I can afford knowing I can borrow this back at a later date.
Are their any other mortgage companies that offer this level of flexibility? I am keen to shop around but everyone I have looked at either limit the overpayments or don't allow you to borrow them back.
Thank You!
Northern Rock mortgages all seem to include flexibility about being able to making unlimited overpayments, underpayments by the value of my overpayments, borrow back the money I have overpaid and take payment holidays when needed.
I currently use my mortgage like a savings account investing what I can afford knowing I can borrow this back at a later date.
Are their any other mortgage companies that offer this level of flexibility? I am keen to shop around but everyone I have looked at either limit the overpayments or don't allow you to borrow them back.
Thank You!
0
Comments
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Something like the One acount is very flexible but full variable rate I'm afraidNever let your sucesses go to your head and never let your failures go to your heart.:beer:0
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You need to be looking at fully flexible deals
There should be some for you to choose from, with the usual line of subject to you meeting the criteria of the lenderI 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 have had the same mortgage and found it great, for all the reasons you gave.0
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