Flexible Benefits - Borrow Back
If your client has built up an overpayment reserve they can access the funds accumulated.
Borrow back any funds up to the limit of the 'overpayment reserve' - to be used for whatever purpose your client wants.
If your client chooses to borrow back, their outstanding balance will be recalculated. Monthly payments will be recalculated at the next rate change or at the end of the year (whichever is first) to take any borrowing back into account to ensure the mortgage is repaid in full by the agreed date.
