The term flexible mortgage refers to a UK residential mortgage that offers flexibility in the requirements to make monthly repayments.

Typical features include the facility tomake overpayments (more than the normal amount); to redraw (borrow back) any previous overpayments; to underpay - less than the normal amount; and to take a payment holiday - stop repayments for a period, typically 3 to 12 months.

These features allow a flexible mortgage to be adaptable to individual circumstances. This is especially useful for self employed borrowers and those with a variable income. By way of example, borrowers whose income includes a significant but irregular commission component might make use of commission payments to make overpayments, thereby reducing the term or enabling them to underpay at other times.

With traditional mortgages, borrowers often face large penalties for additional capital repayments or if payments were not made on time.

Home Mortgage Loans - An article on the different options in a home mortgage.

Flexible Mortgages A Quick Guide - Some people consider flexible mortgages to be the best financial invention of modern times. Others consider them the devil's spawn. In fact flexible mortgages are just a financial product but one that certainly gets people very excited! Flexible mortgages aren't for the faint-hearted but in the right hands they can really put you in the driver's seat of your mortgage and your financial future.

Flexible Remortgages - In the early 1990’s flexible remortgage was introduced successfully in Australia which they first called as Australian remortgage. In 1995, this idea was imported to the UK. Flexible remortgage talks about the flexibility of the requirements which will enable you to make your repayments monthly. With this kind of program, you will be able to pay less or more than the amount due to reduce your loan liability.

• Contractor says economy forced him out of Jersey - TRENTON -- A perfect storm of problems drove one family from their Chambersburg home. Like many people in America, declining real estate prices resulted in Jim Winder's Hudson Street row house losing value. Winder owes $87,000 on a house that was once appraised at $140,000. Recently, someone offered him $50,000 for it...
• TD Bank, Scotiabank latest to raise mortgage rates - OTTAWA -- Several Canadian banks are increasing the cost of taking out a mortgage with them. On Tuesday, TD Bank said it is raising rates on fixed mortgages, with the five-year posted rate increasing 0.29 of a percentage point to 5.84%. Rates will also rise on two, three, and four-year fixed-rate mortgages. The two-year will go up 0.3 of a point to 4.2%, the three-year will increase 0.3 of a point to 4.75%, and the four-year will rise 0.35 of a point to 5.29%...
• 'Liar loans' banned as watchdog clamps down on risky mortgages - The Financial Services Authority today shut the door on so-called liar loans and warned that the days of homeowners remortgaging to splash out on holidays and pay off credit card debts may soon be over. Unveiling a review of the mortgage market, the City watchdog laid out new rules for the £180bn home loans industry, which had threatened to collapse as the credit crunch exposed reckless and dubious lending practices to people who could not afford the repayments...

Why can’t I sell my home? - Jane Donaldson did not expect to be selling her house now. She did not expect it when, in 2004, she bought a rundown £365,000 bungalow in Ryarsh, Kent, and lavished £200,000 extending, improving and refurbishing it into a dream home for her husband and two young daughters. She certainly did not expect it in July 2007 when she put the freshly finished “chalet-style bungalow” up for sale hoping for a speedy deal after her unexpected divorce.