Rates & Products
Discounted Mortgage
A discounted mortgage offers a discount off the lender's standard variable rate over a specified period of time. The discount is off a variable rate so be aware that your monthly payments can go up as well as down. Take special care to understand that the discounted rate can track the lender's set variable rate rather than the Bank of England Base Rate. This could mean that your rate could increase without the Bank of England Base Rate increasing.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.