Discounted Rate Mortgage
The lender offers a discount off their standard variable rate for a set period, usually between 1 and 5 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 rate will change to the lender’s standard variable rate.
This product may carry an early repayment charge.
A mortgage is a loan secured against your home or property.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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