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Glossary > D > "Discounted rate" Definition

Discounted rate

An arrangement which gives you a set reduction, or "discount" off our standard variable rate for a specified period of time. At the end of the specified period your mortgage rate will change to the standard variable rate in force at the time. Sometimes there are redemption penalties associated with this type of deal.

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Discounted rate - An arrangement which gives you a set reduction, or "discount" off our standard variable rate for a specified period of time. At the end of the specified period your mortgage rate will change to the standard variable rate in force at the time. Sometimes there are redemption penalties associated with this type of deal.

Discounted rate : an arrangement which gives you a set reduction, or "discount" off our standard variable rate for a specified period of time. at the end of the specified period your mortgage rate will change to the standard variable rate in force at the time. sometimes there are redemption penalties associated with this type of deal.