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Discount rate mortgages

DISCOUNT MORTGAGES

Discounted mortgages from Principality. These variable rate mortgages have an interest rate that is discounted against our Standard Variable Rate (SVR) for a set period of time. By reducing your payments in the early years, when money is often tight, our discount mortgages can make payments easier to manage.

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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.

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.

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 Product Fee Mortgage Commitment Fee More details
2 Year Flexible Discount 1.85% 3.14% discount until 30/09/2016 4.99% 4.8% APR £895 £99 More about this product

What our 2 Year Discount Mortgage means to you;

  • Your rate will be a discount on our SVR for the first 2 years
  • You're able to borrow up to 65% of the value or purchase price of your property (LTV)
  • You want to be able to make overpayments, underpayments or even shorten your mortgage term
  • You're able to borrow up to a maximum of £500,000

2 Year Flexible Discount 2.3% 2.69% discount until 30/09/2016 4.99% 4.8% APR £0 £99 More about this product

What our 2 Year Discount Mortgage means to you;

  • Your rate will be a discount on our SVR for the first 2 years
  • You're able to borrow up to 65% of the value or purchase price of your property (LTV)
  • You want to be able to make overpayments, underpayments or even shorten your mortgage term
  • You're able to borrow up to a maximum of £500,000

2 Year Flexible Discount 2% 2.99% discount until 30/09/2016 4.99% 4.8% APR £895 £99 More about this product

What our 2 Year Discount Mortgage means to you;

  • Your rate will be a discount on our SVR for the first 2 years
  • You're able to borrow up to 75% of the value or purchase price of your property (LTV)
  • You want to be able to make overpayments, underpayments or even shorten your mortgage term
  • You're able to borrow up to a maximum of £500,000

2 Year Flexible Discount 2.35% 2.64% discount until 30/09/2016 4.99% 4.8% APR £0 £99 More about this product

What our 2 Year Discount Mortgage means to you;

  • Your rate will be a discount on our SVR for the first 2 years
  • You're able to borrow up to 75% of the value or purchase price of your property (LTV)
  • You want to be able to make overpayments, underpayments or even shorten your mortgage term
  • You're able to borrow up to a maximum of £500,000

2 Year Flexible Discount 2.4% 2.59% discount until 30/09/2016 4.99% 4.8% APR £895 £99 More about this product

What our 2 Year Discount Mortgage means to you;

  • Your rate will be a discount on our SVR for the first 2 years
  • You're able to borrow up to 85% of the value or purchase price of your property (LTV)
  • You want to be able to make overpayments, underpayments or even shorten your mortgage term
  • You're able to borrow up to a maximum of £250,000

2 Year Flexible Discount 2.8% 2.19% discount until 30/09/2016 4.99% 4.8% APR £0 £99 More about this product

What our 2 Year Discount Mortgage means to you;

  • Your rate will be a discount on our SVR for the first 2 years
  • You're able to borrow up to 85% of the value or purchase price of your property (LTV)
  • You want to be able to make overpayments, underpayments or even shorten your mortgage term
  • You're able to borrow up to a maximum of £250,000

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

This website is only for use in the UK and the products and services on it are only available to you if you are a UK resident. Mortgages are only available on properties in England and Wales.

To help us maintain our service and security standards, telephone calls may be monitored or recorded. Your personal details may be used to contact you about your application.

Principality Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, reference number 155998.