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Flexible mortgages calculate interest on a daily basis so any money paid is calculated from the next working day.
Some lenders offer tracker products with the option to switch from fixed rate to tracker without paying early repayment charges. The only fee required would be the reservation fee for the new product.
Many lenders will allow overpayments to be made, again the interest would be re-calculated the following working day. Early repayment could be made to a repayment mortgage.
It may be possible to borrow back the overpaid amounts at any time or reduce payments in the future. Most can be overpaid by up to £500 per month more than that amount would incur charges.
It might also be possible to take a holiday from mortgage repayments. Conditions would probably include the mortgage but must be less than 80% of the property value.
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