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 rate1.15% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.4% APRC
  • Product periodtwo years
  • Deposit required40%
  • Arrangement fee£999
View this mortgage ViewRepresentative Example

A mortgage of £91,029 payable over 12 years, initially on a Discount rate for 2 Years at 1.15% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 10 years, would require 24 monthly payments of £677.07 and 120 monthly payments of £828.21.

The total amount payable would be £115,916.75 made up of the loan amount plus interest (£24,917.75), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.4% APRC representative.

Two Year Discount Mortgage

  • Initial rate1.25% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.4% APRC
  • Product periodtwo years
  • Deposit required20%
  • Arrangement fee£999
View this mortgage ViewRepresentative Example

A mortgage of £91,029 payable over 12 years, initially on a Discount rate for 2 Years at 1.25% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 10 years, would require 24 monthly payments of £681.07 and 120 monthly payments of £829.01.

The total amount payable would be £116,107.92 made up of the loan amount plus interest (£25,108.92), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.4% APRC representative.

Three Year Discount Mortgage

  • Initial rate1.95% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.5% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years, initially on a Discount rate for 3 Years at 1.95% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 9 years, would require 36 monthly payments of £146.30 and 108 monthly payments of £404.38.

The total amount payable would be £139,523.82 made up of the loan amount plus interest (£49,523.82), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.5% APRC representative.

Three Year Discount Mortgage

  • Initial rate2.29% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.6% APRC
  • Product periodthree years
  • Deposit required30%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years, initially on a Discount rate for 3 Years at 2.29% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 9 years, would require 36 monthly payments of £171.81 and 108 monthly payments of £404.38.

The total amount payable would be £140,442.52 made up of the loan amount plus interest (£50,442.52), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.6% APRC representative.

Three Year Discount Mortgage

  • Initial rate2.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.6% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years, initially on a Discount rate for 3 Years at 2.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 9 years, would require 36 monthly payments of £179.31 and 108 monthly payments of £404.38.

The total amount payable would be £140,712.62 made up of the loan amount plus interest (£50,712.62), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.6% APRC representative.

Three Year Discount Mortgage

  • Initial rate3.29% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.9% APRC
  • Product periodthree years
  • Deposit required10%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years, initially on a Discount rate for 3 Years at 3.29% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 9 years, would require 36 monthly payments of £246.83 and 108 monthly payments of £404.38.

The total amount payable would be £143,144.26 made up of the loan amount plus interest (£53,144.26), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.9% APRC representative.

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