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At last it's the borrower who
is calling the shots and not the mortgage lender. With
cut-throat competition and consumers demanding greater
flexibility from their mortgage arrangement, this can
only bode well if you are currently looking for a mortgage
or to re-mortgage.
If you opt for a current account
mortgage, you can even combine your savings and mortgage
all in one. Interest is typically calculated on a
daily basis, and you have the option to take payment
holidays, to overpay or underpay, and to make lump
sum withdrawals, in some cases by means of a cash
card.
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Combine
your savings and mortgage all in one
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Flexible mortgages offer the convenience of instant
credit, if you are eligible, and the chance to pay
off your home debt early, and can be of great advantage
to the more financially astute borrower.
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