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Discounted Rate Mortgages

Discounted Rate Mortgages Can Save You Money

Learn all the ins and outs from an expert advisor

Couple getting advice on Discounted Rate Mortgages

Save money with a discounted rate mortgage

A discounted rate is a discount from the normal variable interest rate. This will be fixed for a set period of time for example 1.5% for 2 years. At the end of the discounted period the rate will revert back to the lenders variable rate.

Some mortgage products offer a stepped discount which will have different discounted rates for each year for example 1.0% for the 1st year, 1.6% for the second and 2.1% for the 3rd year.

When taking out a discounted rate mortgage an arrangement fee is usually charged which is usually between £100 and £500. An early repayment charge usually appears, which will come into affect if you partly or fully repay the loan during the discounted period.

Unlike a fixed product the dicounted rate allows you to take advantage of any rate decreases. However, if the interest rates rise there is no protection.

 


 

Why Use Mortgage Advice Center?

  • Free Quotes on Discounted Rate Mortgages
  • Mortgage Deals to suit your current financial situation
  • ‘Whole of Market’ Advice – Unrestricted product range
  • Access to all mortgage products including Fixed Rate Mortgages and Remortgages
  • Guidance through entire mortgage process from initial quote to completion

 

Get Free Quotes on Discounted Rate Mortgage Deals Today

Just fill out the form on the right hand panel and an Independent Financial Advisor will get in touch with you as soon as possible to advise you on discounted rate mortgage deals to suit your needs.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
There may be a fee for Mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £250

 

Contact us for Mortgage Advice On on 01872250190