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A mortgage that is just so flexible

We have access to several special mortgage deals for doctors, medical professionals, dentists, accountants and solicitors. The deals offer very competitive discounted, tracker and fixed rate mortgages. These include flexible mortgages - the mortgage you can use like a 'cheque book' to pay for school fees, holidays, a new car or home improvements.

We piloted a Professional flexible mortgage package with Scottish Widows Bank several years ago and found that our in depth knowledge of our client's professional prospects and needs means that we are able to offer tailored mortgage products which reflect this, whilst making the most of the attraction this type of Professional client offers to lenders.

Under some of the deals that we are able to negotiate it is possible to obtain higer than normal income multiples, an 'affordability' based approach and many extra features designed to reflect the support a newly qualified Professional person requires. Graduate low cost/start mortgages and up to 95% loans are good examples of this flexibility.

Flexible mortgages are increasingly popular as buyers start to appreciate the potentially huge savings over the lifetime of a mortgage if they pay interest daily rather than yearly. A cash deposit instant access offset account, at no extra cost, can now be added to save tax free interest at your mortgage rate and help accelerate your mortgage repayments. Some lenders now offer such 'offsetting' against fixed rate mortgages.

The Scottish Widows' flexible mortgage lets you enjoy even greater savings by allowing you to change the amount and timing of repayments according to your cash flow.

In this way, you can accelerate the repayment of your mortgage over a much shorter time. Alternatively, you can take a 12 month 'repayment holiday' (further 'repayment holidays' may be negotiated) to tide you over a bad financial period.

We independently research and provide the most suitable mortgage product recommendation for our clients, carefully selected from literally hundreds of different mortgage products in the market place.

This service includes mortgages to accquire investment and buy to let properties in thr UK.

DID YOU KNOW.....

If you only pay interest daily rather than yearly on a 20-year capital and interest repayment mortgage for £150,000 at a rate of 6.45%, you will save £7,090 or cut six months off the mortgage term.

To talk through your precise needs for a mortgage/remortgage, or to find out what mortgage product is best for you, please contact your usual MMM adviser or click here.

Please note that your home is at risk if you do not keep up repayments on a mortgage or other loan secured to it.