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When you begin shopping for the right mortgage, you are bombarded with jargon and phrases that do not seem to mean anything. One word that comes up again and again is flexible. Every lender will promise flexibility and many will offer flexible repayment mortgages – but what do they mean? Obviously it sounds like a great mortgage, one that will work with different circumstances, but is it just a throwaway phrase or do they mean it? It’s hard to believe some of these mortgage lenders sometimes, and the word flexible is so general, so clichéd that it is hard to believe any mortgage can really be flexible. So what do you really get from flexible repayment mortgages?

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