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Discounted Rate Mortgages

Whether you’re moving up the property ladder or moving to a new mortgage deal, you could save on your initial payments.

Tools & calculators

Find out how much you could borrow, estimate monthly payments and request an Agreement in Principle.

Start or continue an Agreement in Principle How much could I borrow? Estimate mortgage repayments

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 telephone appointments available

Start putting your plans for your property into action today.

To find out more about our discounted standard variable rate mortgages why not request a telephone appointment with an advisor? To make things as easy as possible, we are able to offer same day mortgage appointments. You can book a telephone appointment by calling us on 0800 022 4313. We're open Monday to Friday 8am-8pm, Saturday 9am-5pm and Sunday 10am-4pm. 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

Give us a call

  • If you've got any questions, get in touch.

    Mortgage application enquiries

    0800 023 2201

    Mon-Fri 8am-8pm, Sat 9am-5pm and Sun 10am-4pm


    Existing mortgage servicing enquiries

    0800 121 4203

    Monday to Friday 8am-5pm with Saturday opening of 9am-1pm. Closed Sunday

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