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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.

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.

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 dream home into action today.

We can offer same day mortgage appointments on request either in branch during branch opening hours or over the telephone 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 home 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

Ready to apply?

Found a product you're interested in? Arrange a branch or phone appointment with one of our mortgage advisors.

Call to book an appointment
0800 022 4313

Not got time to talk right now?

Complete our online form and we'll call you back to discuss your enquiry .

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Need more information

Our advisors are on hand to help with your mortgage queries.

Live chat with an advisor

Or call us on:
0800 022 4313

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