A Discounted Variable Rate Mortgage has an interest rate where a discount is applied to the lender’s standard variable rate for a set period. As the standard variable rate fluctuates, the discounted rate moves up or down by the same amount.

Your mortgage payments will increase at the end of the discounted period, when the interest rate reverts back to the lender's standard variable rate.

If you would like more information about this or any other mortgage product offered by Cook Allen & Associates, please call 0845 257 9301, or complete our brief questionnaire and one of our qualified mortgage advisers will get in touch to discuss you mortgage requirements.