Discounted Mortgages

View and compare from our range of Discount Mortgage deals. We’ve displayed the rates and products on offer from the whole UK mortgage market. We compare and have access to all the deals available so that you dont miss out. Use the search filters to find your ideal mortgage deal.

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Mortgage Expert



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Direct 2 Year Discount £995 Fee Product Transfer

Initial Rate
1.23%

Mortgage Type
Discount

Duration
Jun-2019

Monthly Payment
£464.83

APR
4.2%

compare

Direct 2 Year Discount £995 Fee

Initial Rate
1.23%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£464.83

APR
4.3%

compare

2 Year Discount £999 Fee

Initial Rate
1.3%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£468.80

APR
4.9%

compare

2 Year Discount £999 Fee (Scottish)

Initial Rate
1.3%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£468.80

APR
4.9%

compare

Direct / Semi Exclusive 2 Year Discount £1000 Fee

Initial Rate
1.39%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£472.76

APR
4.6%

compare

2 Year Discount £895 Fee

Initial Rate
1.45%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£476.79

APR
4.3%

compare

2 Year Discount £495 Fee

Initial Rate
1.49%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£477.37

APR
4.2%

compare

Intermediary Premier Semi Exclusive 2 Year Discount 0.5% Fee Purchase

Initial Rate
1.49%

Mortgage Type
Discount

Duration
Feb-2019

Monthly Payment
£477.74

APR
4.3%

compare

Direct 2 Year Discount £1495 Fee

Initial Rate
1.54%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£484.17

APR
4.3%

compare

2 Year Discount £995 Fee Purchase

Initial Rate
1.58%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£484.43

APR
4.3%

compare

Direct 2 Year Discount No Fee Product Transfer

Initial Rate
1.59%

Mortgage Type
Discount

Duration
Jun-2019

Monthly Payment
£480.97

APR
4.2%

compare

Direct / Semi Exclusive 2 Year Discount £250 Fee

Initial Rate
1.59%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£480.97

APR
4.6%

compare

Direct 2 Year Discount Chorley Local Mortgage 0.75% Fee

Initial Rate
1.62%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£486.38

APR
4.8%

compare

2 Year Discount £800 Fee

Initial Rate
1.65%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£487.61

APR
4.6%

compare

2 Year Discount £1800 Fee Tailored Approach

Initial Rate
1.65%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£491.68

APR
4.6%

compare

2 Year Discount No Fee

Initial Rate
1.69%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£486.62

APR
3.6%

compare

3 Year Discount No Fee Purchase

Initial Rate
1.7%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£487.19

APR
2.6%

compare

2 Year Discount No Fee Purchase Existing Borrower

Initial Rate
1.71%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£487.76

APR
4.2%

compare

2 Year Discount £995 Fee Purchase

Initial Rate
1.71%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£491.83

APR
4.3%

compare

2 Year Discount No Fee Purchase

Initial Rate
1.74%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£489.56

APR
4.11%

compare

Direct 3 Year Discount No Fee East Midlands only

Initial Rate
1.74%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£489.46

APR
4.1%

compare

Intermediary 2 Year Discount No Fee

Initial Rate
1.75%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£490.03

APR
5%

compare

2 Year Discount 0.5% Fee

Initial Rate
1.79%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£494.77

APR
5.1%

compare

ATOM 2 Year Discount 0.5% Fee

Initial Rate
1.79%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£494.77

APR
5.1%

compare

Direct 2 Year Discount £499 Fee Existing Borrowers

Initial Rate
1.79%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£494.37

APR
4.3%

compare

Direct 2 Year Discount £999 Fee

Initial Rate
1.79%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£496.44

APR
4.3%

compare

Direct 2 Year Discount £499 Fee Existing Borrower

Initial Rate
1.79%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£494.37

APR
4.3%

compare

Direct 2 Year Discount £999 Fee

Initial Rate
1.79%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£496.44

APR
4.3%

compare

Direct 3 Year Discount £299 Fee

Initial Rate
1.84%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£496.41

APR
4.2%

compare

3 Year Discount £499 Fee

Initial Rate
1.85%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£495.74

APR
4%

compare

Direct 2 Year Discount £499 Fee

Initial Rate
1.89%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£500.13

APR
4.5%

compare

2 Year Discount £999 Fee

Initial Rate
1.89%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£501.49

APR
4.5%

compare

Brightstar 2 Year Discount £300 Fee

Initial Rate
1.9%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£499.87

APR
5%

compare

2 Year Discount £300 Fee

Initial Rate
1.9%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£499.87

APR
5%

compare

ATOM 3 Year Discount £600 Fee Purchase

Initial Rate
1.94%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£503.44

APR
3.7%

compare

3 Year Discount £600 Fee Purchase

Initial Rate
1.94%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£503.44

APR
3.7%

compare

2 Year Discount £495 Fee Additional Borrowing

Initial Rate
1.95%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£503.58

APR
4.2%

compare

2 Year Discount £499 Fee

Initial Rate
1.99%

Mortgage Type
Discount

Duration
Jun-2019

Monthly Payment
£506.43

APR
4.9%

compare

Intermediary 2 Year Discount £499 Fee Product Transfer <£500k

Initial Rate
1.99%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£505.92

APR
4.3%

compare

Brightstar 2 Year Discount £499 Fee

Initial Rate
1.99%

Mortgage Type
Discount

Duration
Jun-2019

Monthly Payment
£506.43

APR
4.9%

compare

2 Year Discount £1499 Fee (Scottish) No ERC

Initial Rate
1.99%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£510.24

APR
5%

compare

2 Year Discount £1499 Fee No ERC

Initial Rate
1.99%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£510.24

APR
5%

compare

3 Year Discount £799 Fee Purchase

Initial Rate
1.99%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£507.19

APR
4.3%

compare

Intermediary Premier Semi Exclusive 2 Year Discount No Fee Purchase

Initial Rate
1.99%

Mortgage Type
Discount

Duration
Feb-2019

Monthly Payment
£503.81

APR
4.3%

compare

Intermediary 3 Year Discount No Fee

Initial Rate
1.99%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£503.81

APR
4.7%

compare

2 Year Discount £899 Fee Purchase

Initial Rate
1.99%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£507.61

APR
4.4%

compare

Intermediary 2 Year Discount £999 Fee <£500k

Initial Rate
1.99%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£508.04

APR
4.3%

compare

2 Year Discount £499 Fee

Initial Rate
1.99%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£506.00

APR
5%

compare

2 Year Discount £499 Fee (Scottish)

Initial Rate
1.99%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£506.00

APR
5%

compare

Brightstar 3 Year Discount £499 Fee Purchase Existing Borrower

Initial Rate
2.04%

Mortgage Type
Discount

Duration
3 years

Monthly Payment
£508.83

APR
4.7%

compare



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Recent mortgage Q&A

Discounted Mortgages Explained

Discounted Mortgages

One of the most common types of mortgage, along with a fixed rate mortgage, is the discounted mortgage. In basic terms a discounted mortgage is a type of variable rate mortgage that sits at a certain amount below the lender’s standard variable rate, and therefore is ‘discounted’. As the rate is variable and is linked to the standard variable rate, should the standard variable rate increase, then your discounted rate will also increase.

A discounted mortgage rate is usually available for between two and five years and will have varying levels of discount associated with each one. While you are on the discounted rate you are likely to have restrictions placed on the amount you are able to repay each year over and above the amount you repay in your normal monthly repayments. You will also find that you have an early repayment charge if you choose to pay off the mortgage in full.

Your options

Fixed and variable rate mortgages

At the end of your discounted rate period you have two options. The first is that you remain with the same mortgage and your lender will then put your interest rate up to their normal standard variable rate, or you can choose to remortgage and to choose a new deal. Make sure you know your deal length though as you will incur additional fees if you attempt to remortgage too soon.

The benefits of opting for a discounted tracker mortgage are that you can be sure that for the term of your tie-in period you can be sure that the interest rates you pay will remain below the standard variable rate of your lender. This can be particularly attractive if the interest rates are very low to start with. If the interest rates are higher, another advantage is that your payments will go down with an interest reduction, which you will not get if you are on a fixed rate mortgage.

The advantages

There are disadvantages to a discounted variable rate mortgage, and that is all to do with the fact it is variable. If there is a sudden interest rate rise you can find yourself facing a sudden rise in mortgage payments that you hadn’t necessarily planned for. Therefore if you require repayment stability you are likely to find that a variable rate mortgage will not provide you with the stability you need.

Therefore, consider current interest rates and what will happen if they go up or down in order to decide whether a discounted rate mortgage is the one for you.

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