Discounted Mortgage

Discounted Mortgage

Discounted Mortgage - Discounted mortgage rates are based on a lender’s standard variable rate. A discounted mortgage has a rate which is at a discount from the standard variable rate and lasts for a set time period. During this time period, overpayments and paying off of the mortgage may be penalised. Although discounted mortgage rates move in tandem with the lender’s standard variable rate, some institutions set a limit, which this rate may not exceed.

High Street lending institutions offer discounted mortgage rate packages. However, careful examination of the market is recommended to ensure finding the best discounted mortgage deal. This however may prove quite time consuming and stressful, so the use of a mortgage broker to get the best deal is worth considering.

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

We are an impartial broker with years of expertise in the arranging discounted mortgage packages. Due to our years of experience in the field, our specialist team are closely connected to a number of lenders and have access to deals that may not be readily available. We use these links, coupled with our personal knowledge of our clients to aim to arrange discounted mortgage packages which are well suited to the needs of our clients.

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