RESEARCH by Sainsbury's Bank has shown that between now and Sept-ember 615,000 people moving house will be taking out mortgages worth about £61 billion.
One in five people will choose a flexible mortgage.
Lucy Hunter, mortgages product manager for Sainsbury's Bank, said: "Flexible mortgages are becoming increasingly popular.
"Of those people planning to take one out over the coming months, the most popular reasons for doing so highlighted by 49 per cent of respondents, is that they allow you to own your home earlier by making overpayments.
"One in eight said it was because you can take payments holidays and one in ten because it is easy to release equity in your home."
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article