Discount mortgages from North Mortgages in Manchester
What are they?
Discount mortgages offer a discount off the mortgage lender's Standard Variable Rate (SVR) for a period of time, e.g. Discounted Rate of 1.5% below the mortgage lender's Standard Variable Rate (SVR) for 2 years.
Who uses them?
Discount mortgages are ideal for those looking for the lowest rate mortgages on the market, but who can also handle increased mortgage payments if the lenders SVR goes up.
Summary
One of the cheapest mortgages available, but be aware that your monthly payments could rise or fall in line with SVR fluctuations.
Offers:
| Provider | Mortgage Type | Initial Rate | Duration | Subsequent Rate | Overall cost for comparison APR% | Early Repayment Charges | |
 | Discount | 4.2% | 3 Years | 4.99% SVR | 5.0% APR | Within 3 years | Proceed |
 | Discount | 4.04% | 3 Years | 5.24% SVR | 5.24% SVR | None after 3 years | Proceed |
 | Discount | 4.24% | Lifetime Discount | 4.99% SVR | 4.99% SVR | Tied for 2 years | Proceed |
 | Discount | 4.24% | 3 Years | 4.99% SVR | 4.99% SVR | Tied for 3 years | Proceed |
 | Discount | 4.25% | 3 Years | 4.75% SVR | 4.75% SVR | Ends after 3 years | Proceed |
 | Discount | 4.54% | Lifetime Discount | 4.84% | 4.84% | Tied for 3 years | Proceed |
