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Did you know that
there are a whole range of special options you
can choose from to help you manage your
mortgage. |
- Deferred
start
- Take a
month or two off
- Mortgage
Break
- Index
Linking
- Top up
your mortgages
- Lump sum
payments
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Deferred Start
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Money is always
tightest just after you have moved into a new
home. Once you have coved the legal fees, the
stamp duty and valuation costs, you might find
that your finances a little stretched.
Deferred start is designed especially for first
time buyers and allows you to defer the first
1,2 or 3 months of your mortgage repayments. You
can use the cash to buy the things you really
need like the cooker, the fridge or maybe a
widescreen T.V. that you had your eye on.
We will adjust
your payments afterwards so that you still repay
your mortgage in the original time. |
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Take a month or
two off |
Do periods of
expense like Christmas or summer holidays leave
you in the red? Why not take a month or two off
your mortgage to help? You can take a month or
even two months break from your mortgage
repayments in any calendar year.
The amount skipped is then spread over the
remaining payments you will make in that year,
making sure that the mortgage stays on track.
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Mortgage Break
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Need a longer
break? Mortgage break allows you to take up to 3
months off your mortgage repayments. This is the
ideal option if you are planning a career break
or maternity break.
You can apply for up to 4 Mortgage breaks over
the term of your mortgage - that is up to 12
months in total. With Mortgage break the amount
skipped is spread over the life of your
mortgage, making sure you will pay in the
original term |
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Index Linking
|
Would you like to
pay less interest and even pay your mortgage off
early? Increase your mortgage repayments even by
just 1% each year, and watch the interest
savings mount up.
You decide the appropriate percentage and you
can go back to your original repayment any time
you like. |
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Top-up your
Mortgage |
A top-up allows
you to tap into the value of your house and
convert it's value into cash. Many people like
to borrow to pay for home improvements like a
conservatory, fitting new windows or central
heating or alternatively non home related
expenses such as educational costs.
Because mortgages interest rates are
traditionally much lower than personal lending
rates, using a mortgage top-up to pay for home
improvements can be much more
affordable |
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Lump Sum Payments
|
You may have come
into a little money and would like to pay a lump
sum off your mortgage. If you are on a variable
rate you can pay off as much as you would like
at any time that suits you.
If you are on a fixed rate you can pay up tp 10%
of the amount you owe without any
penalty. |
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4277037