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Mortgage Calculators

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Work out how much your mortgage repayments will be.

 

Compare the Best Discounted Variable Mortgage Rates


We've compared 10 of the best Discounted Variable Rate Mortgages for you. Remember if the lenders SVR moves up or down the discounted rate moves too.
RateAPR CostMortgage TypePeriodMax LTVRedemption
SORTSORTSORTSORT
Leeds BS
2.94% Reverting to 5.69%5.5%Discounted Variable2 years75%1st 2 yrs
Product Fee: Booking £199
Loughborough BS

2.99% Reverting to 4.99%4.9%Discounted Variable2 years85%1st 2 yrs
Product Fee: Completion £495
Cumberland BS
2.99% Reverting to 4.49%4.3%Discounted Variable3 years75%1st 3 yrs
Product Fee: Arrangement £495
Vernon BS

3.19% Reverting to 4.99%4.8%Discounted Variable3 years80%1st 3 yrs
Product Fee: Arrangement £499
National Counties BS
3.19% Reverting to 4.79%4.4%Discounted Variable5 years80%1st 5 yrs
Product Fee: Completion £995
Cumberland BS

3.19% for term3.4%Discounted VariableTerm75%1st 2 yrs
Product Fee: Arrangement £795
Click to compare up to 3 mortgage products.
Disclaimer:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
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What you should know about Discounted Variable Rate Mortgages

The interest rate payable on a discounted variable rate mortgage is less than the lenders’ standard variable rate (SVR) for a specified period of time.

Whilst discounted rates are less than SVRs, it is worth bearing in mind that their variable nature means your monthly repayment will change if the main SVR goes up or down.

If you’re looking to take your first step onto the property ladder, our first time buyer Best Buys also contain some discounted rates at higher loan-to-value tiers.

When you look at our Best Buys, you will see that we have selected products from across different loan-to-value tiers in order to give a wide overview of what’s available.

However, if you can’t find a product that’s right for you don’t worry – you can use our quick and easy mortgage search to access a more comprehensive list of mortgages.