Mortgage Express has changed the name of its Horizon mortgage to FlexAbility.
Andrew Moss, product development manager, says: “We decided to change the name to FlexAbility, because we believe it better reflects what the mortgage has to offer.”
A FlexAbility mortgage offers flexible payment options of overpayment, underpayment and payment holidays. Interest on overpayments is saved, not earned, so customers don't have to pay tax on it. The product has no redemption penalties or tie-ins and no MIG. Interest rates are linked to the Bank of England base rate.
Moss says: “The FlexAbility mortgage does exactly what it suggests. It gives customers the ability to take control of their mortgage payments and make the most of the flexible options open to them.”