Discounted Rate Mortgage PDF Print E-mail

Discounted Rate Mortgage

 

Similar to a tracker mortgage this type of mortgage deal may fluctuate in rate and is normally offered as a discount from the lenders’ standard variable rate for a period of time.  For example if a lender has a standard variable rate of 4.84% and offers a two year 1.85% discount then you will pay 2.99%.  If the standard variable rate changes then so does the rate you pay.

 

Exit penalties (early redemption charges) will normally apply during the discounted period.

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Roxburgh Financial Management is an appointed representative of Personal Touch Financial Services Limited, which is authorised and regulated by the Financial Services Authority.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


WE DO NOT NORMALLY CHARGE A FEE FOR MORTGAGE ADVICE, HOWEVER THIS WILL BE DEPENDENT ON YOUR CIRCUMSTANCES. IF A FEE IS CHARGED OUR TYPICAL FEE IS 0.5% OF THE LOAN AMOUNT


SOME OF THE ABOVE PRODUCTS AND SERVICES MAY NOT BE, OR ARE NOT, REGULATED BY THE FINANCIAL SERVICES AUTHORITY.


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