A discount mortgage is a type of variable-rate mortgage. The term 'discount' is used because the interest rate is set at a certain 'discount' below our Standard Variable Rate (SVR) for a set period of time.
Having a discount mortgage means you can be sure that your rate will always remain below our SVR for the length of the deal.
Our current range of discounted mortgages are detailed below. If you need further information on these products and woulld like to discuss with a Qualified Mortgage Adviser, we'd love to hear from you.
* The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
^ Source: Moneyfacts dated 9 July 2018