midland mortgages
Martin Mortgages homepageAbout Martin Mortgagesfrequently asked questionsJoin Martin Mortgagescontact Martin Mortgagesrequest a callback  
 
uk mortgage  
mortgage
ortgage protection, asu, critical illness protection for your home and family
mortgage protection
protect your assets
get quotes for building & contents insurance
mortgage sites
useful mortgage related links
satisfied customers of midland mortgages
contact mortgage broker
contact midland mortgages

uk mortgage

Discounted Rate / Discount Mortgage

The lender agrees to give a discount off the normal variable rate for a guaranteed period of time. The discounted rate will move up and down with the normal variable rate but the payment rate will retain the agreed differential below the variable rate for the agreed period of time.

If a discounted rate is taken the lender will normally impose early redemption penalties if the mortgage is repaid within the first few years (see Redemption Penalties).

Back to Glossary



mortgage calculator Mortgage Calculator

mortgage glossary Mortgage Glossary
first time buyer mortgage 1st Timer's Guide

 moving home Homemover's Guide

home | about us | faq | join us | contact us | request callback | sitemap | Terms | Privacy
mortgages | protection | buildings and contents | resource centre | testimonials

Your home may be repossessed if you do not keep up repayments on your mortgage. Site Last updated 13th July 2005. © Martin Mortgages, Stableford Lodge, Jaras Drive, Baschurch, Shropshire SY4 2DH Martin Mortgages Ltd is an appointed representative of Thinc Assured Network Limited which is authorised and regulated by the Financial Services Authority. This site is intended for UK Consumers only. Our typical fee for advice is 1% of the mortgage advance or £500 whichever is the greater. The overall cost for comparison is 8.4% APR.  The actual rate available will depend on your circumstances.  Ask for a personalised illustration.  APR variable and based on a usual case. Not all buy to let mortgages are regulated by the Financial Services Authority. Think carefully before securing other debts against your home. Please note Commercial Mortgages are not regulated by the Financial Services Authority.
TDW-113 310306