Discount Rate Mortgage Explained
Many mortgages will have a special period at the start of the mortgage that lasts, say, two years to make the mortgage rate more attractive and initially more affordable. This is the discount rate period, where the interest rate is discounted from the standard variable rate.
At the end of the period, the interest rate payable on your mortgage goes back up to the standard variable rate for the mortgage.
Property Articles
We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- Costs associated with business premises
- Questions to ask when viewing a house
- West Country Property
- Finding Commercial Property
- Commercial or semi-commercial mortgages
- Quick Information on Credit Scoring
- Remortgaging and equity release
- How to get planning permission
- Loan To Value
- Tips on Living in Spain
- Equity Release Considerations
- Property Gazuming Explained
- Buying a New Build
- Green Mortgages
- Let to Buy Mortgages
