mortgages4me - discounted variable rate mortgages

This describes a mortgage where the interest rate is offered at a discount to the lender’s standard variable rate for a specified period. When this period ends, the loan reverts to the full SVR, which means that your monthly mortgage payment will increase at the end of the discounted period.

Discounted variable rate mortgages go up and down according to movements in the lender’s SVR. This means that your monthly mortgage payment will increase if the SVR increases.

There may be initial fees from the lender to set up this type of mortgage and also early repayment charges if the loan is redeemed within a certain period of time.

Your initial mortgage consultation with us is free, so call us on 0800 652 5636 to arrange a meeting at a time that is convenient with you.

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Registered in England No. 3487726. Registered Office, 295 Aylsham Road, Norwich, NR3 2RY. mortgages4me is a trading name of Smith & Pinching Financial Services Ltd, which is authorised and regulated by the Financial Services Authority. Our FSA registration number is 186616. You can verify this and other information by checking the FSA's register at their website www.fsa.gov.uk.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Equity release, home reversion and lifetime mortgage are complex products and you should request personalised information.

Think carefully before securing other debts against your home or property, as it essentially becomes security for those debts and may be repossessed if you do not keep up repayments on your mortgage. If you transfer a relatively short term debt to a longer term, you may pay back more interest in total.

Your initial consultation is free, but subsequent research and advice are subject to a £250 initial fee (mortgage business) or a £500 initial fee (equity release, home reversion and lifetime mortgage business). We receive a procuration fee from the lender or company for placing the business, but you can choose to pay us a fee instead and offset the initial fee.

The FSA does not regulate some aspects of buy to let mortgages. The guidance contained within this website is subject to the UK regulatory regime and is therefore targeted at customers in the UK. For our joint protection, telephone calls may be recorded and/or monitored.

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