2 Year Discount Mortgage

2 Year Discount Mortgage

2 Year Discount Mortgage - 2 year discount mortgage packages offer borrowers a discount off a lender’s standard variable rate for a 2 year period. This guarantees borrowers that in that 2 year period; they will pay a lower monthly amount than those on the lender’s SVR. However, discount mortgage lenders set their standard variable rates at their own discretion. As such individuals seeking to obtain a 2 year discount mortgage can be liable to fluctuating mortgage payments. Moreover, at the end of your 2 year discount mortgage term, borrowers are likely to have higher mortgage rates as they revert back the lenders original standard variable rate.

Lenders offering 2 year discount mortgage products have varying repayment terms and conditions. For instance, some borrowers who obtain a 2 year discount mortgage and wish to pay off larger portions of their mortgages may incur early repayment charges. To avoid bearing extra costs, specialist advice may be required before securing a 2 year discount mortgage deal. This is where we can assist.

We specialise in discount mortgages but as a firm we offer a bespoke and holistic service for each individual client. We wish to ensure you gain the right rate, with the right lender and at the right time for your specific circumstances. We have established strong links with leading discount mortgage providers and their senior underwriters, giving us direct access to discount rates that may not be available to individuals on the high street. This may also allow us to directly negotiate a competitive and affordable 2 year discount mortgage rate to suit your needs and requirements.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquiry Online.

To secure a 2 year discount mortgage that’s best for you, call us today to speak to a member of our advisory team.

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