We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
"Discount" Mortgage?
BettySpofkins
Posts: 77 Forumite
Hi chaps, just a quick one.
Browsing the "best buys" in the weekend papers, it seems that some of the best mortgage deals are "discount" mortgages, e.g. one building society offering 2.49% fixed for two years (at 75% LTV).
That seems great, but what's the catch? How does such a mortgage differ from any other?
Browsing the "best buys" in the weekend papers, it seems that some of the best mortgage deals are "discount" mortgages, e.g. one building society offering 2.49% fixed for two years (at 75% LTV).
That seems great, but what's the catch? How does such a mortgage differ from any other?
0
Comments
-
-
Thanks, that helps somewhat. So I guess it's essentially a variable rate mortgage, but with a temporarily low rate. Does anyone have experience with these? Are they as good as they look?0
-
Only issue being you are at the peril of the Building Society's Board when they set rates. Historically they mirror the Bank of England but it 'could' differ0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards