Finance Comparison - The Latest Price Comparisons With Honest Johnny Honest Johnny - Finance Comparison Price Comparisons Compare Gas & Electricity Providers Book Cheap Hotels Online Business Finance Comparisons Search Providers
Get a Better Mortgage Deal and Reduce Your Outgoings. Get Your Free Instant Mortgage Quotes Below

Find a cheap mortgage deal
Compare Cheap Mortgages
Compare mortgage quotes for free with Honest Johnny. With such a wide variety of mortgages on the market to choose from, where is the best place to start? Honest Johnny simplifies your search for a lower mortgage by giving you comparisons best suited to your requirements. We put you in touch with mortgage comparison websites who will help you compare the best deals available. We save you the time and effort involved in visiting each and every mortgage provider individually to discuss your details over and over again. Instead, Honest Johnny lets the mortgage deals find you! Through simply checking out the above mortgage offer websites you can get access to the best mortgage deals currently available for your circumstances.

Use Honest Johnny to compare different types of mortgages. Whether you are searching for a cheap 100% mortgage, buy to let mortgage, fixed rate mortgage, flexible rate mortgage, interest only mortgage, tracker mortgage, offset mortgage, shared mortgage, or even a bad credit mortgage, Honest Johnny can help you find a cheap mortgage deal for your circumstances. We have access to independent mortgage brokers who will help you secure the best deal and simplify your search for a better mortgage rate. Our free mortgage comparison service is fast and easy to use, all quotes are no obligation and there's no credit checks at this stage. Start comparing cheap mortgage deals today at the above mortgage comparison websites .

Get More When Comparing!
Honest Johnny not only gives you access to the latest leading deals on a variety of popular financial products, but also gives you great discounts, codes, and the latest promotions at well-known online shops as an instant reward for comparing with us! If you're currently looking for comparisons on loans, mortgages, insurance, pensions or investments, why not also grab yourself a discount on lots of great products offered by our partners. Simply get a comparison quote on any of the above products and you'll get access to various exclusive promotions and discount codes to use with the companies listed on this page & more.

Mortgage Spotlight - Finding the Best Flexible Mortgage UK Deal

The best flexible mortgage UK is the one that works with the needs of the individual borrower. Flexible mortgages are home loans that allow some deviation from their repayment schedule and allow underpayments, overpayments, repayment holidays and interest charged on a frequent basis. This review will look at each aspect of a flexible mortgage and highlight what makes the best flexible mortgage deal in the UK.


The vast majority of flexible mortgage borrowers make overpayments on their mortgages. The earlier that you make the extra payments in your mortgage term, the earlier your mortgage will be paid off. Even by making slightly higher monthly repayments it will enable you to repay your mortgage loan quicker. For example, on a £70,000 mortgage charged at 6.2%, giving up your weekly coffee at £2.80 and putting that money towards your mortgage instead, would pay off the mortgage 1 year and 5 months early!

Some flexible mortgage lenders state a minimum overpayment of £25 per month and a maximum overpayment of 10% of the outstanding balance on completion. Overpayments can also be made by lump sum payments on an ad hoc basis. The best flexible mortgage UK is one that allows you to overpay at any time without penalty.


Underpayments can occur when you have made some overpayments. The underpayment option of a flexible mortgage is useful if, for example, your finances have become stretched. You can then choose to underpay for a few months until your finances have settled down. The best flexible mortgage UK deal allows underpayments straight away.

Payment Holiday

Some flexible mortgage deals allow you to take a complete break from making mortgage payments for up to a year. This could be useful if you’re thinking of starting a family or taking a sabbatical. You have to have built up sufficient overpayments to cover the period you take off and some mortgage lenders may only let you take a couple of month’s payment holiday each year. The best flexible mortgage UK deal allows you to have payment holidays for up to a year.

Borrowing Back

Borrowing back overpayments, instead of taking out a loan, makes sense if you need extra cash for any reason. You often have to build up a reserve of overpayments against which you can borrow and there will probably be a ceiling on the overall amount you can borrow through your original mortgage. The great aspect of mortgage overpayments is that rather than putting any spare cash into a saving account and earning a small rate of interest, the amount you overpay is taken off your mortgage so you are effectively earning the mortgage rate on your savings. Some flexible mortgage lenders let you withdraw overpaid money directly using a cheque book or a debit card and others let you borrow money as the value of your property increases. The best flexible mortgage UK deal allows easy access to funds.

Interest Charges

Unlike some traditional mortgages that still charge mortgage interest on an annual basis, flexible mortgages are calculated on a monthly or daily basis. This means that any overpayments you make are quickly credited against your loan, so you are immediately paying interest on a smaller amount of debt, thereby saving you money in interest charges. The best flexible mortgage UK deal calculates interest on a daily basis.

Final Thought

The modern mortgage market has become more liberal and creative, and therefore this has led to an increase in the choice and range of flexible mortgage packages being offered to borrowers. Due to so many flexible mortgages to choose from, we recommend comparing a variety of them to ensure you get your best flexible mortgage UK deal for your needs.


Article Source:

About the Author:
D Kemble wrote the article 'Finding The Best Flexible Mortgage UK Deal' and recommends you visit The Offset Mortgage Centre for more information on best flexible mortgages in the UK.


Commercial mortgages and some forms of buy to let mortgages are not regulated by the Financial Services Authority. Our service is free of charge to you but to operate this service we may receive fees or commissions from the brokers and lenders we refer you to.

Mortgage Quotes - Go To Banking Compare Mortgage Rates - Go To Credit Cards Cheaper Mortgage Deal - Go To Insurance Change Mortgage Provider - Go To Investments Switch Mortgages - Go To Loans Reduce Mortgage Amount - Go To Mortgages Find Better Mortgages - Go To Pensions Mortgage Comparisons - Go To Shopping Review Mortgage Rates - Go To Remortgages