Discount Mortgage Rates
Discount Mortgages offer interest rates below our Standard Variable Rate (SVR) for a specified length of time. Whether you are a first time home buyer, looking to remortgage your home or moving home, Principality offer a range of discounted mortgages that offer excellent mortgage rates and the option of flexible repayment terms.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Our Discount Mortgages
|
Initial rate |
Terms |
Then changing to SVR, currently |
Overall cost for comparison |
Fee |
More details |
| Two Year Flexible Discount |
2.79% |
2.20% discount until 31/03/2014 |
4.99% |
4.8% APR |
£0 |
More about this product
|
Our 2 Year Flexible Discount Mortgage is the one for you, if:
- You want the flexibility of adapting your mortgage to deal with life’s ups and downs
- You want a discounted rate for the first 2 years
- You want to be able to make overpayments, underpayments or even shorten your mortgage term
|
| Two Year Flexible Discount |
3.19% |
1.80% discount until 31/03/2014 |
4.99% |
4.9% APR |
£999 |
More about this product
|
Our 2 Year Flexible Discount Mortgage is the one for you, if:
- You want the flexibility of adapting your mortgage to deal with life’s ups and downs
- You want a discounted rate for the first 2 years
- You want to be able to make overpayments, underpayments or even shorten your mortgage term
- You want to borrow between 75% and 85% of the value or purchase price of your property (LTV)
|
| Non-Flexible 2 Year Level Discount |
2.79% |
2.20% discount until 31/03/14 |
4.99% |
4.8% APR |
£0 |
More about this product
|
Our 2 Year Non-Flexible Discount Mortgage is the one for you, if:
- You want a discounted rate for the first 2 years
- You want to minimise the costs of arranging your mortgage, freeing up more to spend on your home
- You do not need flexible features like payment holidays, overpayments and underpayments
- You want to borrow up to £350,000
|
Choose the Best Mortgage Rate for You
The type of mortgage you select will impact your monthly finances for a number of years so it important to find the best mortgage rate and/or discounted mortgage period that suits you. Principality offer a range of discounted mortgage rates with flexible payment options that can include payment holidays, reduced monthly mortgage payments if you need more cash for other expenses or increased monthly mortgage repayments if you want to pay your mortgage off sooner.
As discounted mortgages are linked to the SVR, the mortgage rate can fluctuate, which means your discounted mortgage rate could increase or decrease during your loan period. Before you decide that discounted mortgages are the best mortgage rate for you, make sure your budget has the flexibility to cover monthly repayments if the SVR increases.
