A flexible mortgage has certain features that allow you to change your repayments to suit you individual circumstances. You can pay more than the required amount (increase your regular monthly payment or pay in a lump sum) at any time without penalty, pay less than the required amount or take a payment holiday. You can also withdraw overpaid funds to use for other purposes. A flexible mortgage can save you on interest charges by overpaying and can suit your lifestyle changes. As an added bonus, most flexible mortgages calculate interest daily meaning that you save on interest the day you put money into your mortgage account.