Discounted Mortgage Rate

A discounted rate mortgage is a variation on a standard variable rate.

In an effort to make the lenders variable more attractive to borrowers (mortgagee’s) the lender will off a reduction (discount) to the standard rate for a period of time. The discount is usually a set margin below the standard variable rate and the discount could last from one month right up to the entire mortgage term. Typically most lenders will offer a discounted variable rate for two – five years.

What if interest rates change?

The borrower's monthly payments will alter to reflect the change in the lenders standard variable mortgage rate.

If you are considering a discounted mortgage, please contact us directly in order that we can discuss your requirements.

Information about: Discounted Mortgages | Fixed Rate Mortgages | Flexible Mortgages



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Head office:
Smaart Associates Mortgage Brokers,
MWB Exchange, No 1, Farnham Road,
Guildford, Surrey,
GU2 4RG