What Are Discounted Mortgages?

Discounted mortgages enable you to pay a discounted interest rate on a mortgage during a set period agreed by the lender. A discounted mortgage gives you the benefit of lower monthly repayments as you will pay a set discounted rate below the lenders standard variable mortgage rate. After the discounted period the mortgage rate will return to the lenders standard variable rate. As with other mortgage packages there are many different offers that apply to the discounted mortgage depending upon individual circumstances.

Pros & Cons

• Discounted mortgages are ideal for first time buyers and existing homeowners looking to free up money each month.
• With the lower monthly repayments from a discounted remortgage you will have the additional finance to spend on whatever you like such as home improvements.
• A first time buyer could use the extra money to aid with the set up of their new home.
• Make sure you know the duration of the discounted period and the actual rate of the discount, so you are not surprised when your repayments increase.

Our Offer to You

We will find you a great deal on discounted remortgages dependent upon your individual circumstances. We search hundreds of the UKs top mortgage lenders for competitive low rates. Remortgageexplorer accept applications whatever your financial circumstances as we have a number of specialist lenders who assess your situation to ensure your discounted remortgage is beneficial to you and most importantly, affordable. If you are freelance or self employed, we also support the barriers created such as no proof of income or irregular income. Our aim is to find you a discounted remortgage at terms that suit you, dependent upon your individual circumstances.

If you would like to apply for a discounted remortgage to benefit from lower monthly repayments then please do not hesitate to complete our online application form. Here at Remortgageexplorer we aim to process your application as quickly as possible, with no obligation.