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 | 5.49% | for 2 years | 90% | £999 | 1st 2 yrs |  |
| Norwich & P'boro BS | 5.70% | for 2 years | 85% | £999 | 1st 2 yrs | |
| Mansfield BS | 5.99% | for 3 years | 75% | £599 | 1st 3 yrs | |
| Leeds BS | 6.09% | for 3 years | 80% | £1,299 | None | |
| Nottingham BS | 6.69% | for 5 years | 80% | £895 | 1st 5 yrs | |
| Market Harborough BS | 5.95% | for term | 75% | £295 | 1st 2 yrs | |
Product Guide
Discounted Variable Rate Mortgages
A discounted variable rate mortgage offers the same advantages and disadvantages as normal variable rate mortgages, but with an agreed discount on the interest rate for a set period of time, such as 2, 3 or 5 years.
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