For those who want certainty but also flexibility, a combination of a fixed and floating mortgage can be the answer.


Often the floating portion represents the accelerated repayment target, while the fixed portion represents the certainty that we want in the face of any interest rate movements.


When the fixed interest mortgage portion expires, the amount of mortgage that is then re-fixed can be reduced by the amount we have been able to pay off the floating part.


This way the floating portion of the mortgage can stay the same while the fixed portion is reducing.


This can therefore create an accelerated repayment strategy that is reviewed each time we get  to the end of a fixed interest mortgage term.