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Tag: DISCOUNTED RATE
DISCOUNTED RATE
What is a discounted rate mortgage?
A discounted rate mortgage is a type of mortgage product where the lender offers borrowers a temporary discount on their standard variable rate (SVR) for a specified period at the beginning of the mortgage term. This discount typically lasts for a predetermined introductory period, often ranging from two to five years, although longer or shorter… Read more
A look at the different mortgage types available in the UK
In the vibrant landscape of the UK housing market, prospective homebuyers have a multitude of mortgage options to consider when financing their property purchases. From traditional fixed-rate mortgages to innovative equity release schemes, understanding the various types of mortgages available is crucial for making informed decisions. Let’s explore the diverse range of mortgage options offered… Read more