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:
|
2.00%
| Chorley & District BS | Feb 2011 | Discounted Variable |
5.20%
| 75% |
More
|
|
2.89%
| Cambridge BS | Feb 2012 | Discounted Variable |
4.50%
| 70% |
More
|
|
2.89%
| Cambridge BS | Feb 2012 | Discounted Variable |
4.50%
| 70% |
More
*
|
|
2.95%
| Market Harborough BS | Feb 2012 | Discounted Variable |
5.20%
| 75% |
More
|
|
2.99%
| Ulster Bank | Oct 2011 | Discounted Variable |
4.00%
| 75% |
More
|
|
2.99%
| First Trust Bank (NI) | Feb 2012 | Discounted Variable |
4.10%
| 60% |
More
|
|
2.99%
| Newbury BS | Feb 2013 | Discounted Variable |
4.30%
| 75% |
More
|
*for existing customers only
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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.