Why do the best mortgage deals vanish so quickly?
When a lender offers a special mortgage such as a market leading fixed rate they have a certain amount of funds available on that product. With very attractive deals this first allocation may be taken up very quickly on a first come, first served basis. Once funds have run out the lender returns to the money markets to source further funding, depending on the rates now available to the lender in the money markets will effect the decision whether to continue to offer the product or to amend the rate being offered. [Back to the top] What is a flexible mortgage? A flexible mortgage is one with a number of additional features compared to a standard mortgage. Generally these mortgages allow you the ability to vary your monthly payment, make overpayments without penalty, withdraw funds overpaid at some point in the future, and take payment holidays all without penalty . However it should be noted that one lenders flexible product may differ greatly from another’s as each sets their own crite
