• A Flexible Mortgage may be suitable for people who want to make lump sum or regular overpayments to reduce their mortgage term and interest payable, or people who want to take payment holidays - conditions apply.
• If you're remortgaging and choose Option 2, we'll even give you one free standard valuation and provide a free conveyancing service* - including compulsory disbursements.
• Our rate follows the Bank of England base rate up or down - this means your monthly payments may increase as well as decrease.
• Once you have held your flexible mortgage for 6 months, you can arrange to reduce or miss up to 6 monthly payments in any period of 12 consecutive months, up to a maximum of 18 monthly payments, throughout the mortgage term.
• Alternatively, increasing your monthly payments and overpaying a few extra pounds each month will mean you could repay your mortgage early and potentially save thousands of pounds in interest.
• Interest is calculated daily which means you benefit immediately from any overpayment. However, interest will continue to accrue throughout an underpayment or payment holiday period, in turn increasing the balance of your mortgage and amount of interest charged.
• Your rate will depend on the size of loan compared to the value of your property - see the table below.
• Early Repayment Charges apply for the first three years.

Do you already have a mortgage with us?

We've an attractive range of mortgages for existing Britannia borrowers who are not moving home. Find out more about these as we may be able to save you money on your current deal.

Additional benefits

With this mortgage you'll receive a £40 MU megastore voucher on completion of your mortgage. The voucher will be sent to you around 6 weeks after completing your mortgage with Britannia.

Also, after an initial qualifying period, we'll show our appreciation with our Membership Reward - currently an annual cash reward of up to £250 that you'll receive every year you have your mortgage with us. And the more qualifying products you have, the higher the reward, up to a possible £500. Subject to scheme rules and tenure.

Sound interesting but you're still not sure?

Our important information could help you decide and includes details about early repayment charges and legal fees which may apply.
REDREWARDS
MU Mortgage customers will automatically be awarded an entry into the monthly REDREWARDS prize draw for each month they hold a MU Mortgage. Find out more about RedRewards.