Keeping monthly repayments low is one reason why some mortgage holders might choose a flexible interest only mortgage. If you’re a first time buyer who has just scraped together the necessary deposit (much larger in a booming property market) then this type of mortgage might appeal. And a flexible interest only mortgage might also find favour with buy to let landlords looking to keep as much of their investment capital free as they possibly can. Whatever the circumstances, you will still need a plan to repay the flexible interest only mortgage, so here’s some guidance to help you put that plan in place.

Read more about the Flexible Interest Only Mortgage