UK Flexible Mortgages on the web . . . . . Flexible Mortgages and Lenders on the Web in the UK Flexible mortgages may seem to many like a new phenomenon. In a way they are, but some of the features that contribute to a mortgage being called flexible have been around for years. What is new, is that recently these features have started to be combined into specific mortgages, which are then packaged and marketed very much as lifestyle products.
Different lenders have quite different ideas about what makes a mortgage flexible.
There are at least two-dozen flexible mortgages now on offer and you would be hard pressed to find two that are identical. While 'true' flexible mortgages are almost always found with variable rates, some features of flexible mortgages can increasingly be found with other mortgages. This is particularly the case with tracker mortgages and increasingly so with discounted mortgages. Unfortunately, they are not generally discounted as heavily or for as long a period as they are when they don't have any of the flexible features. Flexible mortgages .