Discount Mortgages

Our discount mortgage does precisely what its name says it will do: it gives you the benefit of a reduced interest rate during the first few years of your mortgage, with the amount of discount depending on the size of your deposit.

Your home may be repossessed if you do not keep up repayments on your mortgage

Our discount mortgages

Two Year Discount Mortgage

  • Initial rate1.54% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.0% APRC
  • Product periodtwo years
  • Deposit required40%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 1.54% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £450.94 and 96 monthly payments of £1,358.68.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £39.

The overall cost for comparison is 141.0% APRC representative.

Two Year Discount Mortgage

  • Initial rate1.64% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.0% APRC
  • Product periodtwo years
  • Deposit required30%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 1.64% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £480.22 and 96 monthly payments of £1,358.68.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £39.

The overall cost for comparison is 141.0% APRC representative.

Two Year Discount Mortgage

  • Initial rate1.74% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is3.6% APRC
  • Product periodtwo years
  • Deposit required20%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 1.74% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £3,192.45 and 96 monthly payments of £3,570.77.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £38.6.

The overall cost for comparison is 68.0% APRC representative.

Two Year Discount Mortgage

  • Initial rate2.74% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.0% APRC
  • Product periodtwo years
  • Deposit required10%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 2.74% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £3,350.98 and 96 monthly payments of £3,604.17.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £39.

The overall cost for comparison is 75.0% APRC representative.

Two Year Discount Mortgage

  • Initial rate3.84% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.4% APRC
  • Product periodtwo years
  • Deposit required5%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 3.84% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £3,530.93 and 96 monthly payments of £3,640.00.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £39.4.

The overall cost for comparison is 82.0% APRC representative.

Talk to us today

To arrange an appointment with one of our Mortgage Advisers call us free on:0800 072 1100or complete the form below:

Does at least one applicant have an income?


Do you have a deposit (or equity in property) of at least 5% of the property value?


Do you own your current residential property (with or without a mortgage)?


Do you have a deposit (or equity in property) of at least 20% of the property value?


Thank you for your enquiry.

A Mortgage Adviser will be in contact with you within 1 working day.

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