If you are in the market for a mortgage, you should look into the option available at Intelligent Finance. They have both flexible mortgage and offset mortgage, both of which are great options when compared to normal mortgages.

Normal mortgages and flexible mortgages differ in a few ways. Usually, the debtor is charged the interest on the full amount of the mortgage minus the amount already paid. However, in a flexible mortgage, you only need to pay interest on the offset amount. Also, the flexible mortgage offers more flexibility in payment, for instance you can pay more or less than your monthly payment without any penalties. If you have paid more than you can even borrow back some money if you need cash at a later point. Another great thing about this is that you can also stop payments for a few months if you do not have the finances to make payments, due to increase in other expenditures or for another reason.

This offers great flexibility for people who are working freelance or own their own businesses as they can’t always be confident of being able to make the same payment every month and need some variations from time to time.