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Discounted variable rate

This discounted rate mortgage gives you a set discount off our Standard Variable Rate (SVR) for an agreed period, giving you lower initial monthly payments.

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.

Discounted variable rate

Two Year Discount Mortgage

Initial rate

1.74% (variable)

Product period

Two Years

then changing to our SVR minus 1.00%

4.39%

Deposit required

20.00%

The overall cost for comparison is

3.90% APRC

Arrangement fee

None

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