Discount Mortgage

Discount Mortgage

Discount mortgages are usually most beneficial to new customers and first time buyers. Set up similar to a standard variable rate mortgage, a discount mortgage simply gives a discount on the rate that has to be paid back.

Usually, these discounts will last for just a few years, specified at the time that the mortgage is taken out, at which point the interest rate will revert back to the standard variable rate mortgage.

Discount mortgages are good for first time buyers, as they can give cash relief early on in the mortgage deal, which means that they can focus on making the property they have moved to, into the home that they want, through refurbishing and redecorating.

One thing to be aware of, however, is even if one bank is offering a larger discount on the interest rate than another, because the standard rate is individual to each bank, a discounted mortgage may not be cheaper than an alternative standard rate from another lender.



If you need help with arranging finance for your first home, moving to your next one or remortgaging your current property.

Please enter the details below to submit your FREE mortgage enquiry and an FCA regulated Independent Mortgage Broker will contact you as soon as possible to discuss your requirements.

Thank you for your Mortgage enquiry

An independant FCA Regulated mortgage broker will contact you shortly to help source the best available mortgage for your circumstances.

Homebuy Guides


Make a FREE no obligation enquiry with an independant mortgage specialist about your mortgage now

Third Party Ads