DISCOUNT RATE MORTGAGE

Discount Rate Mortgage

The lender offers a discount off their standard variable rate for a set period, normally one or two years. Your mortgage payments will still vary in line with changes in the standard variable rate. At the end of the discount period, your mortgage interest rate will be the same as the lender’s standard variable rate. This product may carry an early repayment charge.

Is it right for me?

Yes – If money is tight when you first take out the mortgage, but you’re confident your income will increase.

No – If you won’t be able to cope if interest rates rise later on, increasing your payments.

Still unsure?

Why not speak to an advisor to see how we can help you find the right mortgage deal.

Alternatively, see an explanation of the Capped & Collar rate mortgages product.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

ADDRESS

116a Market Street,
Hyde, Cheshire,
SK14 1ES

Mortgage Connections

Mortgage Connections UK Ltd is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Registered Office: 277 Stockport Road, Ashton-U-Lyne OL7 0NT | Registered in England & Wales No. 5030703