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Flexible Mortgage

A flexible mortgage allows borrowers to make overpayments when they have spare cash, and reduce or miss payments altogether when times are tight.

The interest is calculated on a daily basis and is often useful for self-employed people whose income varies from one month to the next.

The most flexible form of mortgage is a Current Account Mortgage (CAM), which can potentially save you money by linking your current account and mortgage together.

Click for more mortgage glossary terms relating to remortgaging.

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