Discount Mortgages

Discount Mortgages

Discount Mortgages - Discount mortgages are mortgages at a discounted rate for a period of time. Discount rate mortgages enable borrowers to pay a mortgage rate below their lender’s standard variable rate. However the potential risk is that, with no fixed rate agreement, monthly mortgage payments may fluctuate as the lenders standard variable rises and falls. In addition, it may be hard to predict the trend as standard variable rates are set independent of the Bank of England’s base rate, making it difficult for some borrowers seeking discount mortgages to budget effectively.

At the end of the discount mortgages term, borrower’s mortgage rates will revert to their lenders standard variable rates which are often higher. As such some borrowers seeking discount mortgages may wish to take advantage of their discount rates and pay off sizeable portions of their mortgage. It may not always be cost effective do this as some discount mortgages providers may have significant early repayment charges. This is why it is important to understand the terms and conditions of each discount mortgages package before opting for one. Our specialist advisers can assist you with this.

As a specialist discount mortgages broker, we can assess the most suitable and affordable deal for you, saving you both money and time. We will discuss with you, your full needs and requirements in order to find the best discount mortgages for your situation. Our discount mortgages advisory team will thoroughly analyse the terms and conditions of each package to ensure that the product we recommend will be cost effective in the long run.

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

To speak to one of our discount mortgages advisers, call us today. We look forward to taking your call.

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