Compare Discount Mortgage Rates
Discount
Mortgages  >  Compare Rates   >  Discount

Discount mortgages

Discount mortgages allow you to get a discount off the standard variable rate or tracker rate for a set period. If, for example, you the standard variable rate pays 5% and the discount is 2%, you would pay 3%. Most deals last for two or three years, although it is possible to get longer ones.

As a general rule, the bigger the discount you're given, the shorter the length of the mortgage deal.

If you choose a discount mortgage, whenever your lender's standard variable rate rises or falls, your repayments will follow those movements – minus the discount off the rate you're getting.

You can compare discount mortgage deals in our tables below.

 
 
Lender Initial Rate Duration Standard Rate Overall Cost For Comparison Max Loan To Value Fee
1.99%2 years3.94%3.7% APRNA£1499
2.45%2 years5.69%5.4% APR75%£999
2.49%2 years4.99%4.7% APR70%£499
2.59%3 Years4.99%4.4% APRNA£598
2.65%2 Years5.69%5.5% APR75%£999
2.69%2 years4.99%5% APR75%£795
2.75%2 years5.49%5.1% APR80%£95
2.75%To Mar 20145.95%5.6% APR70%£374
2.79%To Mar 20144.99%4.8% APR75%Nil
4.49%3 years5.44%5.4% APR90%Nil
Forum

Meet the Team