With a discount mortgage you initially pay interest that is a set amount below the lender's standard variable rate (SVR), for a specified period of time, after which you revert to the SVR. So for example if the lender's SVR is 7% and the discount is 1%, the interest rate you will pay is 6%. Check out our reviews on discount mortgage providers in this section.
Speak to an FSA regulated impartial mortgage advisor to discuss your mortgage options.
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