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Discounted Rate Mortgages
Discounted Rate Mortgages
Linked to a variable rate (either SVR or a Tracker) a discount product offers a saving from the variable rate. The amount of the discount products and lenders. Discount Rates are generally the lowest interest charging schemes at any time, however, it must be remembered that if interest rates rise so will the payments.
Please be aware you may have to pay an early repayment charge if you want to redeem your mortgage within the special discount rate term.
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