Flexible Mortgage Comparison Guide
| |
Clydesdale Bank Flexible Repayment Mortgage |
Direct Line Flexible Mortgage |
Mortgage Shop Recommended Current Account Mortgage |
Legal & General Flexible Reserve Mortgage |
Mortgage Express Choices |
Standard Life Bank Freestyle Mortgage |
| Underpayments |
By Agreement |
Yes After 3 months |
Yes |
By Agreement |
Yes |
No |
| Overpayments |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Maximum Overpayment |
No |
No |
No |
No |
One Monthly Payment |
No |
| Minimum Overpayment |
No |
No |
No |
£50 monthly or £500 lump sum |
£25 |
No |
| Maximum Underpayment |
By Agreement |
No |
No |
No |
By Agreement |
N/A |
| Minimum Underpayment |
By Agreement |
No |
No |
No |
By Agreement |
N/A |
| Table Continued |
Clydesdale Bank Flexible Repayment Mortgage |
Direct Line Flexible Mortgage |
Mortgage Shop Recommended Current Account Mortgage |
Legal & General Flexible Reserve Mortgage |
Mortgage Express Choices |
Standard Life Bank Freestyle Mortgage |
|
|
|
|
|
|
|
| Payment Holiday |
Yes |
Yes After 3 months |
Yes |
Yes |
Yes |
Yes 2 months per year |
| Borrow Back Overpayments |
No |
Yes After 3 months |
Yes |
Yes Min £500 |
Yes |
Yes min £1,000 |
| Cheque Book |
No |
No |
Yes |
No |
No |
No |
| Maximum Loan to Value |
95% |
90% |
95% |
95% |
Depends on Product |
90% |
| Redemption Penalty |
Yes |
Yes |
No |
No |
Depends on Product |
Yes for one year |
| errors and omissions accepted. |
|
Flexible Mortgages