Mortages / Discounted Rate Mortgages

The lender gives a percentage discount from their Standard Variable Rate for a length of time, which can be from a few months to the full mortgage term. This type of interest rate is normally offered to first time buyers or people with high levels of equity. Generally, borrowers with a larger deposit will be offered a greater discount. Discounts can help soften the financial blow of moving house, but mean that after the discount period ends, repayments will rise sharply. Your repayments will fluctuate with interest rate changes but will remain at the set level below the prevailing rate for the deal term. There may be financial penalties if you decide to change your mortgage during the discount period or even for a while after the scheme has ended.

Other Mortgages:

Select a Mortgage... Repayment Mortgages Interest Only Mortgages Variable Rate Mortgages Fixed Rate Mortgages Discounted Rate Mortgages Stepped Rate Mortgages Capped Rate Mortgages Cashback Mortgages Base Rate Tracker Mortgages Flexible Mortgages Current Account Mortgages First Time Buyers 100% and 100% Plus Mortgages Adverse Credit Self Certification Buy-To-Let Right-To-Buy Shared Ownership Shared Equity

For further information on any of our mortgages call us on 0191 268 1049, or use our Call Back Form and we'll call you at your convenience.