understanding financial jargon
The Discounted mortgage is a type of mortgage where the lender offers a discount off their standard variable rate for a given period. At the end of the period your interest rate reverts to the lenders standard variable rate. Your repayments rise and fall in line with the variable rate which your discount rate is based on, but will always be discounted by the agreed rate during the discount period.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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