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Your home may be repossessed if you do not keep up repayments on your mortgage
How do discounted rate mortgages work?
Just like the name suggests – by offering you a discount on our Standard Variable Rate (SVR)* for a set amount of time. Talk to us about how long the discounted rate will run for.
A discounted SVR mortgage reduces the rate of interest you pay for an agreed period (an early repayment charge applies during the discounted period). After that, you go on to the SVR – or talk to us about a new deal. We’ll be happy to help.
What makes discounted rate mortgages different?
Interest rates are reduced on your initial payments. If the SVR goes up, so does your rate, still with the agreed discount applied. If the SVR goes down, then your rate will be lowered, still with the agreed discount applied.
Who might discounted rate mortgages suit?
If you don’t need the security of a fixed rate deal, which ensures you make the same monthly payment for an agreed period, a discounted SVR mortgage may be for you. Talk to one of our mortgage advisers to find out more.
*SVR mortgage repayments are based on a rate of interest set by us. That rate may go up or down according to changes in the Bank of England base rate, but it isn’t tied to it.
Applicants must be aged 18 or over. All loans are subject to status. Security will be required.
Our mortgage advisors have same day appointments available
Start putting your plans for your property into action today.
To find out more about our buy to let mortgages why not request an appointment with an advisor? To make things as easy as possible, we are able to offer same day mortgage appointments. You can book an appointment by visiting your nearest Yorkshire Bank branch or you can all us on 0800 023 2201 on Mondays to Fridays 8am-8pm, Saturdays 9am-5pm and Sundays 10am-4pm. If an advisor is not available in branch, we will offer a telephone appointment. Remortgages and purchases only. Excludes equity release/further advances or existing mortgage customer product switch. Applicants must be aged 18 or over. All loans are subject to status. Security will be required.
Find out more about our same day mortgage appointments.
Your property may be repossessed if you do not keep up repayments on your mortgage
Our discounted rate mortgages
Please review our range of discount rate mortgages. If you need more information, our advisors are on hand to help with your mortgage queries.
Find out more abour our Discount standard variable rate mortgages
Interested in a mortgage?
Your next steps
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Find out what you could potentially borrow in just 10 minutes - it won't affect your credit score.
Request an Agreement In PrincipleMeet with an advisor to discuss our mortgages or apply for one.
Give us a call
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If you've got any questions, get in touch.
New Mortgage customers
Mon-Fri 8am-8pm, Sat 9am-5pm and Sun 10am-4pm
Existing mortgage customers
Mon-Fri 8am-5pm
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Top Mortgage questions
You can find impartial information and guidance on money matters on the “Money advice service” website.
Yorkshire Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.