Discounted variable rate mortgages provide you an initial incentive which is discounted from the standard variable rate mortgage deal over a given period.
| Company |
Rate
 |
Period
|
Max LTV |
Fee
|
Redemption | |
|---|---|---|---|---|---|---|
| HSBC | 5.43% | for 2 years | 90% | £999 | 1st 2 yrs |  |
| Barnsley BS | 5.69% | for 2 years | 85% | £750 | 1st 2 yrs | |
| Mansfield BS | 5.65% | for 3 years | 75% | £599 | 1st 3 yrs | |
| Loughborough BS | 6.15% | for 3 years | 90% | £1,099 | 1st 3 yrs | |
| Nottingham BS | 6.59% | for 5 years | 80% | £895 | 1st 5 yrs | |
| Manchester BS | 6.49% | for term | 85% | £595 | None | |
Product Guide
Discounted Rate Mortgages
A discounted mortgage offers you reduced repayments for a given term. The lender gives a discount from their standard variable rate. If the variable rate on which your discount rate is based falls, your repayments will fall. However, if the lender's standard variable rate rises, so will your repayments.
Related Links
Still confused by mortgages? Our mortgage guide can help by taking you through different types of mortgage and their features and benefits.
If you are having problems getting a mortgage due to bad credit history, our mortgage search can help by searching the market for you.
