Hi,
I'm looking at changing my mortgage shortly, and the two types that appear to interest me are a flexible mortgage, or a current account mortgage.
I was quite happy with a discounted flexible mortgage until the mortgage adviser sowed the seed of the current account mortgage into my head. So, my question is, what are the disadvantages with this type of mortgage (apart from the increased interest rate, which the adviser *did* tell me about!)
It appears to me, that if you're careful with your money, then you can pay it off in no time....surely this is too good to be true??
Any advise greatly appreciated. Thanks for your time, Steve.