A current account mortgage is just about as flexible a mortgage as you can get! Especially if you choose to work part-time, on short-term contracts or on a freelance basis. Committing to a regular mortgage payment each month can be difficult under these circumstances.

Which is why flexible mortgages became so popular in the first place. The difference here is that, with a current account mortgage, you are able to combine all your finances into just one single account. You can get a chequebook and debit and credit cards, allowing you to pay in and withdraw money at any time, up to the original sum borrowed. Many choose a current account mortgage, because they like this idea of complete flexibility. They don't necessarily suit everyone however, because to get the best out of this type of mortgage, you need to use all their facilities to really make them worthwhile. This is because the mortgage rate is usually higher on a current account mortgage than on other types of mortgage

All the usual features of a flexible mortgage are normally included, such as overpayments, payment holidays, lump sum reductions in borrowing (without penalty), but the significant reward is that interest is calculated on a daily basis on the amount that is in your account. If you are freelance or a contract worker, say, you can use the lump sum payment feature, to reduce the mortgage, then draw down money as you need it each month until your next payment. This reduces interest on the mortgage.

So, current account mortgages really suit those with irregular incomes. To be certain that this is the right type of mortgage for your particular circumstances, phone one of our advisers for a free one-to-one consultation.

If you prefer, you can take the opportunity right now whilst you are online, to request a mortgage adviser to contact you at your convenience regarding which mortgages you could apply for right now. Just click on the Advice button below.

If you prefer, you can take the opportunity right now whilst you are online, to request a buy to let mortgage adviser to contact you at your convenience regarding which mortgages you could apply for right now. Just click on the Advice button at the bottom of this page.

For advice as to whether a current account mortgage is the right choice for you, please click this link.