3 Year Discount Mortgage Rates

3 Year Discount Mortgage Rates

3 Year Discount Mortgage Rates - 3 year discount mortgage rates are mortgage rates which are offered at a discount for the first 3 years of a mortgage term. 3 year mortgage rates are generally set in relation to the lender’s Standard Variable Rate (SVR). Usually, 3 year discount mortgage rates are set in proportion of the SVR. For example, if the 3 year discount mortgage rates are set at 50% of the SVR, they will be at 2.5% when the SVR is at 5%. SVR’s are set by the lender and need not follow centralised base rate. As a result, it may be difficult to predict future 3 year discount mortgage rates.

Although a lender’s SVR generally does not represent the most cost effect option for borrowers, 3 year discount mortgage rates can be very competitive. This is particularly the case if the lender caps 3 year discount mortgage rates, as borrowers can potentially enjoy very low rates without the risk of very high rates. Capped 3 year discount mortgage rates can also facilitate household budgeting if the maximum payment is taken into account.

Securing your ideal 3 year discount mortgage rate can help your finances and allow your money to be spent elsewhere. We have years of experience helping clients with a variety of needs and circumstances obtain the best 3 year discount mortgage rates.

Your dedicated adviser will guide you through the mortgage acquisition process. As a comprehensive panel of lenders broker, we access 3 year discount mortgage rates from a range of lenders and put your needs first. We view the available 3 year discount mortgage rates deals holistically to ensure we recommend the most affordable deal for you, beyond the headline rate.

To maximise your chances of a successful application, we assist in the completion of the necessary documentation. In addition, our regular contact with senior underwriters and a number of lenders allows us to negotiate your case if necessary.

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

For professional and impartial advice and assistance securing the best 3 year discount mortgage rates, contact us online or by phone today.

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