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Letter F

Flexi

See Flexible

You will find that most lenders have an offering that they call a Flexible Mortgage. A flexible mortgage allows you to make overpayments in order to repay the mortgage early or save for a special event.

In addition subject to maintaining minimum payments you can also make underpayments and take payment holidays.
If you build up sufficient overpayments you can also take back some money by way of a drawdown.