Beware of flexible
Those who have a flexible mortgage
should make sure they are not making any under or overpayments,
there has been some investigation done on this type of mortgage.
Moneyfacts has done some research on
flexible mortgages and they have stated that consumers should
be “making the most” of their current mortgage deal
and should make large repayments whenever people have extra cash
The advantage of a flexible mortgage
is that homeowners have an option to pay less than the target
monthly repayment, Julia Harris spoke further, and she is the
senior mortgage analyst.
Julia Harris said, “As we go
through life our financial circumstances will undoubtedly change,”
basically trying to put forward that consumers investigate terms
of homeowners bad credit mortgages.
If a mortgage was “fully flexible” then making underpayments
would be an option, repayment and overpayment holidays, Ms Julia
She has summed up and concluded that
mortgages are being a “burden”, so if overpayments
are made then large sums of funds can be saved through interest.
Analysts at MoneyExpert found
out that not long ago many lenders need to pass on risen base
rate to homeowner’s bad credit mortgages.
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