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Discounted Rate Mortgages
With a discounted rate mortgage your monthly payments can go up or down, but you get a discount on the lenders standard variable rate for a set period of time. At the end of the deal, you usually change over to the lenders standard variable rate.
Advantage with discounted rate mortgages are:
- It gives you a gentler start to your mortgage, at a time when your money may well be tight. But you must be confident you can afford the payments when the discounted rate ends.
Disadvantage with discounted rate mortgages are:
- When the discount period comes to an end, the loan's reverts back to standard variable rate.
- The lender may not reduce, or may delay reducing their variable rate even if the Bank of England Base Rate reduces.
We are qualified independent mortgage advisors that can be trusted to give you that independent impartial advice.
Why Discounted Rate Mortgages from Homesavers Mortgages?
- Access to discounted rate mortgages throughout the UK
- Plus exclusive deals through the many mortgage clubs we subscribe to
Every month we help people, just like you, find their perfect mortgage. Find out why so many people put their trust in Homesavers Mortgages.
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| 1 | Phone Us Free Phone Number |
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Your home is at risk if you do not keep up with payments on your mortgage or other loans secured on it.
Depending on your circumstances, a fee of £95 or 1% of the mortgage amount may be charged upon completion
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