What is a Discounted Rate Mortgage?

A Discounted Rate Mortgage is a guaranteed reduction in the rate of your mortgage against the lender's Standard Variable Rate. This usually lasts for a fixed period, typically two, three or five years. Do remember a discounted rate mortgage can move down as well as up in line with movements to the lender's SVR. 

Discounted rate mortgages appeal to borrowers who are unconcerned about interest-rate increases. Please call us on 0845 148 9165 to discuss whether this type of mortgage is right for you.

Alternatively, take a look at the latest discounted rates for residential mortgages in our residential best buys section.