Not only are your personal circumstances likely to change throughout the duration of your mortgage, the property market and Bank of England mortgage base rate are also prone to rise and fall in direction and value. To help you keep on top of and even profit from these changes, Direct Line has a range of flexible mortgages to suit your requirements and needs.
Direct Line offers a flexible Discount Tracker Mortgage, for those who prefer to have their rate move up and down with the bank of England base rate. The Online Only Discount Tracker Mortgage offers a discounted rate for two years, after that you'll pay 1.5% above the base rate. With both these flexible mortgages the amount you pay can differ every month and you reap benefits when interest rates go down (of course, flexible means when interest rates go up, your payments also go up too).
Direct Line also offers a range of fixed mortgages, which may sound rigid at first. However, the initial rate is only fixed for a set term and our flexible mortgage range has three options to choose from. For example, with a 2 Year Direct Line Fixed Rate Mortgage you get a fixed low rate for the first two years, or with our 5 Year Fixed Mortgage you get a fixed rate for the first five years. For all our fixed rate mortgages, you then pay a variable rate for the remainder of the term. The fixed amount you pay is deducted every month so you can keep on top of your finances and don’t have to worry about your payments going up.
Direct Line flexible mortgages also make it easy to switch mortgage lenders. We’ll even pay for the valuation you require and pay your legal fees too (cancellation fees may apply). Take out any of our mortgages and, if you're an existing home insurance customer, or you choose to switch to us in the next 12 months, we’ll also give you an extra 20% off our best home insurance price for two years.
For added flexibility you can also apply for one of our mortgages online or by giving us a call. We’re here to help whether you are a new or existing customer and also provide a flexible contact service for customers with special requirements – for example Textphone, Typetalk and information in Braille.
Find out more about Direct Line’s range of flexible mortgages, or apply online today.
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