Flexible Features

We offer a range of products with flexible features, built in to give you a wide range of options to manage your finances and payments. Full details of the flexible features we offer can be found in our Guide to Flexible Features, or alternatively details of your mortgage features can be found in your most recent offer letter. Conditions and restrictions may apply to these features please see our Guide to Flexible Features for details.

The flexible features we offer

• Overpayments - For clients who wish to pay off their mortgage early. By regularly making overpayments they could reduce the term of their mortgage.
• Borrow back facility - For clients who need access to a little extra cash, quickly! Perhaps there has been a home emergency such as a broken washing machine, or a buy to let investor has emergency repairs to make in their rented property.
• Underpayments - For clients with variable income/cash flow. Perhaps they are self-employed, working in seasonal industries or going on maternity leave, or landlords who could make use of previous overpayments to cover when tenants fail to pay on time.
• Payment holidays - For clients who want to take a break from work or investors who need to put their income to other uses for a short while. Perhaps going travelling is on the agenda, or a landlord is looking to sell a property and doesn't want to make any mortgage payments until that property is sold.

Additional flexible features on Lifewise and Enterprise products

• Unlimited overpayments (only available on our Lifewise and Enterprise products) - For clients who have extra cash or unemployed capital. Perhaps an annual bonus could be used to offset against their mortgage, or a landlord has recently sold a property in their portfolio and wish to use the profit to reduce the mortgage on another property.
• Instant drawdowns (only available on our Lifewise and Enterprise products) - For clients who need to free up money quickly. Perhaps a baby is on the way and they need to extend the home, or a landlord needs to fund a deposit on their next property or perhaps make repairs or improvements to a current property.

The benefits of flexible features

The scenarios above demonstrate how flexible features could benefit people's individual circumstances. Below is an illustration of how our overpayments feature could actually affect your mortgage with us.