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Discounted Mortgages Call: 0844 800 8487
Discounted Mortgages - For a set period, the mortgage lender offers a reduction on its SVR (standard variable rate). Let’s say, it might offer a discount of 1.5 per cent over three years. Therefore, however much the SVR (standard variable rate) increases or decreases during the discount period, you always pay a rate 1.5 per cent lower
Stepped Discounted Mortgages - It's also worth considering stepped discount buy to let mortgages, where the level of the discount reduces after a set period. For example, you may be offered a 1.5 per cent discount for a year, followed by a 0.75% per cent discount for the second year.
To Find out more about discounted mortgages or stepped discounted mortgages, then call us today to speak to one of our experienced mortgage brokers.
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Discounted Mortgages