Why Sign Up With Intelligent Finance?
Posted on 22. Mar, 2009 by admin in General
Intelligent Finance is an internet only bank that is based out of Scotland. The great thing about this bank is that it offers the best flexible mortgages and the greatest offset mortgages.
Flexible mortgages are a kind of mortgage where you can pay more or less than the monthly mortgage payment and not have to incur any penalties. Besides this, you can also borrow money back from any overpayments that you have made, for example if you need cash fast. Another great thing about this is that if you are not able to make monthly payments for certain time period, you can ask for a holiday from your mortgage payments and take time off and start making payments at a later time.
Offset mortgages are a kind of flexible mortgage. In this, Intelligent Finance review your finances and assigns a mortgage sum to you. After this, they will only charge you interest on the offset amount, which is the amount of the mortgage owed minus your bank balance. This is cheaper than regular mortgages in that you don’t have to pay interest on the full amount owed but only the amount over what you have in your bank account at the time.