discount rate keeps your repayments down for a fixed amount of time.
Ease the pressure on your finances with a discounted rate

A discount rate mortgage keeps your mortgage repayments down for a fixed amount of time.

How it works
  • You´ll get a discount
    Your rate is discounted off our Standard Variable Rate (SVR) for a fixed period of time, usually 12, 24 or 36 months. This is typically shown as a percentage, e.g. 2% below the current SVR. It is important to bear in mind that the SVR can change and although your discount is fixed, the rate it tracks is not.
  • You can borrow up to 70% of your property value
    Depending on your circumstances, we could lend you up to 70% of the value of your property.
  • Simply continue with your arranged rate afterwards
    When your discount rate period ends, your interest rate will revert to the SVR at that time.
  • Choose between two repayment options
    You can choose between repaying back only the interest on the amount borrowed with our interest-only option until the end of the mortgage period, or you can decide to repay both the interest and the capital with our capital repayment mortgage.
Enquire now online or call 0800 009 3603 (Monday - Friday 9am to 5.30pm) for new mortgage enquiries or further lending.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

An arrangement fee of 3% of the advance (minimum of £1,500 to a maximum of £4,000) will be charged, plus a typical completion fee of £1,995.

Any changes to an existing account may be subject to early repayment charges that are part of the terms and conditions of your mortgage.