Residential Discounted Rate

Residential Mortgages – Discounted Rate

With a Discounted Mortgage the interest is set below the LIBOR or Standard Variable Rates for a specified period of time. This means that payments can rise or fall in-line with changes in the Bank of England’s base rate.  Once the discounted period is over; interest typically reverts to SVR or LIBOR rates, sometimes with early repayment charges attached.

Your property may be repossessed if you do not keep up repayments on your mortgage.

For more information, please call us on 01923 352235 or use the contact form.