Flexible mortgage account


 

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Flexible mortgage account

A combined mortgage and current account. Any savings each month earn the mortgage rate, which is a relatively high and tax-free rate of return.



Similar Matches

Flexible expenses

Flexible expenses

Expenses for an individual or corporation that can be adjusted or completely dispessed with, e.g., luxury goods.


Flexible mortgage

Flexible mortgage

A mortgage that allows borrowers to make overpayments when they have spare cash, and reduce or miss payments altogether when times are tight. Often useful for self-employed people whose income varies from one month to the next. The most flexible form of mortgage is a Current Account Mortgage (CAM), which can potentially save you money by linking your current account and mortgage together.


Flexible pension

Flexible pension

Also known as deferred income and income drawdown.


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Flexible mutual fund

Fund that invests in a variety of securities in varying proportions in order to maximize shareholder returns while maintaining a low level of risk.


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Flexible exchange rate

Same as floating exchange rate.


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