This gives you an extra lump sum of cash at the beginning of your mortgage, to spend on things like decorating or refurbishing your home. These mortgages often come with a higher interest rate.
See our current cashback special offers.
Flexible mortgages give you the option to overpay, underpay or take a payment holiday. You can also save on interest when you overpay with this type of mortgage, because it's calculated daily.
This links your savings to your mortgage. Instead of earning interest on your savings, that money is balanced against your mortgage so you pay less interest on it. For example, if you have a £100,000 mortgage and £20,000 in savings, you would only be charged interest on £80,000 of the mortgage. This can save you a significant amount in interest and clear your mortgage more quickly.
When two or more people, such as partners or a group of friends, take out a mortgage together. This can either be through a joint tenancy, where ownership of the property is shared equally, or as tenants in common, where it’s split based on an agreement between the parties.