Flexible Mortgages
This type of mortgage is becoming ever more popular. It offers the facility for both over and underpayments built into the loan.
So you can overpay when your finances are looking good (if you get a pay rise or a bonus). And, underpay when finances are a bit tight (after, say, a job loss or change in circumstance).
If you keep overpaying, you’ll end up with a cash reserve. This can normally be drawn on for things like taking payment holidays or making large purchases. The amount you can withdraw is limited by the original sum of the loan. And, if you don’t withdraw anything, you can save a significant amount of interest over the life of the loan.
As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments. Think carefully before securing other debts against your home. Equity released from your home will be secured against it. Your home may be repossessed if you do not keep up repayments.
Clarissa Varza, Littlehampton
Helpful, professional and efficient
Julie was so helpful, professional and efficient and worked very hard to get us the best deal Thank you so much for all your hard work I really appreciate it.
Ace Rothstein
They really went that “extra mile” for me
Pembroke Financial Services (Julie especially) actively went above and beyond what I expected from a mortgage adviser, they really went that “extra mile” for me and I cannot recommend them highly enough! Thank you!
