Flexible Mortgage Comparison Guide
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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 |
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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. |
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