A 6 month discount rate mortgage offers a discount off variable rate for 6 months

When the Standard variable rate fluctuates, the discount percentage will remain fixed for 6 months

A 6 Month Discount mortgage rates are a set discount of the lenders standard variable rate.  These mortgages have helped homeowners save on their monthly mortgage payments. 

Although everyone wants a discount of some sort, it is very important to exercise caution when looking at discount Mortgage deals.  

Without a doubt, the fact that it is a 6 month discount mortgage deal will mean that you pay for the discounted privilege through something else.

This can be through high arrangement fees, Higher lending fees or even an extended early repayment charge tie in.

However, having got the negatives out of the way, 6 month Discount mortgages have helped numerous borrowers over the years.

6 month Discount mortgage deals can be used for;

• First time Buyers
• Buy to Let mortgage borrowers
• Borrowers with past credit problems
• Borrowers after a cheaper Remortgage loan
• Those moving home
   

For a Free Consultation regarding a 6 month discount mortgage, speak to a specialist today

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE