Site Info

User login

Discount rate mortgages

Submitted by Mortgage Broker on Tue, 2006-08-01 13:24.

Discount rage mortgages offer lower rates than the variable rate for a fixed period. The discounted rate will rise and fall along the same lines as the standard variable rate.

As with fixed rate and capped rate mortgages, there are penalties for early settlement. A discount rate mortgage can be useful in the short-term and can be staggered so the rate rises over time, making adjustment to the standard variable rate easier.

You should always bear in mind that payments will eventually be higher and budget appropriately.

Nasty variable rate mortgages to stay clear of

There are a few variable rate mortgages creeping onto the market that you'll want to steer clear of.

Last few days to snap up HSBC discount rate mortgage deal

If you're in the market for a discount rate mortgage then you might want to consider the HSBC offer that is for a limited

Discount rate mortgages too easily overlooked

According to new findings, many UK consumers are overlooking discount rate mortgages despite the fact that they often work out cheaper than their main rivals.

Abbey mortgage rates reduced

Abbey Mortgages have discounted rates on their "no upfront costs" deals until June 23rd 2007.

The range of mortgages, launched by the group in April, give customers the chance to take advantage of an average £2000 saving on the cost of moving house. Abbey are offering to cover the cost of valuation, booking and legal fees for people moving home.

City Mortgage launched by Woolwich

Mortgage providers Woolwich have released a new 'City Mortgage' deal to suit the demands of workers expecting a record bonus.

The new Woolwich City Mortgage 3 offers a rate that is 0.16 per cent below the base rate. After the first two years of the agreement, this reverts to a rate of 0.49 per cent above the base rate and lasts until the full term of the loan is served.