Discounted Variable Rate Mortgages

Find discounted variable rate mortgages...

Save money with discounted variable rate mortgages. Click on the link below for expert advice and discounted variable rate mortgage quotes:

See some of the leading discount mortgages on the market in the table below:


Current Mortgage Deals
Initial RateProviderPeriod ToTypeAPR*LTV 
2.00% Chorley & District BSSep 2011Discounted Variable 5.20% 75% More
2.25% Saffron BSSep 2012Discounted Variable 5.00% 75% More
2.60% ING Direct (UK)Nov 2012Discounted Variable 3.40% 70% More
2.65% Progressive BSSep 2012Discounted Variable 4.80% 70% More
2.68% Earl Shilton BSSep 2012Discounted Variable 4.90% 75% More
*APR - Overall Cost for Comparison
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage Deal Selection - Call Lender Direct
Initial RateProviderPeriod ToTypeAPR*LTV 
2.89%
Lifetime TrackerTracker3.00%70% 
Lifetime Tracker Deal. Capital Repayments up to 10% without penalties.Product fee £1499. Early repayment fee 1% of balance repaid until 30/11/2012. Call 0845 0701720
2.54%
2 YearsTracker3.50%75% 
2 Year Tracker Deal. Capital Repayments up to 10% without penalties. Product fee of £945. Early repayment fee of 2% for first 2 years. Call 0800 1838892
3.39%
2 YearsFixed4.10%60% 
2 Year Fixed Deal. No product fee. An early repayment charge applies until 31/08/2012. Maximum LTV 60%. New purchase only. Call 0800 068 7624
3.75%
NAVariable3.80%75% 
Offset Mortgage Deal. Designed to give you financial flexibility by helping you pay off your borrowing early by bringing all your finances together. Call 0845 8055689
4.95%
Aug 20122 Year Fixed4.24%80% 
First Time Buyer 2 Year Fixed Deal. £995 Product Fee. Call 0800 077 3454 to speak to a Santander Mortgage Specialist
4.99%
Sept 20122 Year Tracker 4.00%85% 
First Time buyer 2 Year Tracker Deal. Product Fee £497. Repayment Mortgage Only. Early Repayment Fees Apply. Call 0845 293 77 26 to speak to a Halifax Mortgage Specialist
5.45%
July 2012Fixed4.10%90% 
First Time Buyer 2 Year Fixed Deal. Early repayment charge until July 2012. Capital Repayments up to 10% without penalties. There is a product fee of £999. Call 0808 1091690
6.89%
Aug 2015Fixed5.20%90% 
First Time Buyer 5 Year Fixed Deal. For new Nat West Customers only. Maximum loan £300k. No Product Fee. Call 0800 1582934
2.99%
2 YearsFixed4.80%60% 
2 Year Fixed Deal No application charge. No Completion fee. Call 0845 0701720 and quote FI2. Monday-Thursday 9am-8pm, Friday 9am-5.30pm, Saturday 9am-12pm
*APR - Overall Cost for Comparison

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker 

Discounted variable rate mortgages are based on the mortgage lender’s Standard Variable Rate (STV) and offer a discount of a certain percentage below the STV for an initial period. After this period interest on the mortgage is charged at the lender’s Standard Variable Rate.

Discounted variable rate mortgages can offer good deals for those initial periods, with many mortgage providers offering large percentage discounts over their standard rates. However, after this period they can be more expensive than a number of other mortgage options. For this reason, mortgage holders may wish to ensure there is the option to move their mortgage to other product or provider after this initial period is over. This can provide savings in terms of interest rates, but borrowers should also ensure the costs of revaluation and other fees do not outweigh those savings.

Click below for a full comparison service of discounted variable rate mortgages, with products from all the leading providers based around the UK.