Standard discount variable mortgages
As we all know standard rate variable mortgages do exactly as they say on the tin, but a few mortgage brokers are offering a discounted rate for a set time period to give customers the time to adjust to new financial budgets.
The amount offered is always a great helping hand at the start of any mortagage policy, but when and if the rate changes you will soon lose the discount factor. Also if you repay the amount after the discount period you could be liable for an early repayment charge which may or may not be the correct route for you to go down.