Independent Mortgage Advice Bureau

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Discounted rate mortgages

Fact:
You pay a certain percentage (0.5% for example) below the lender's standard variable rate for a specified period of time. Once the discounted period is over, your mortgage is likely to revert to the lender's standard variable rate.

Benefit:
You will always be paying less than the lender's standard variable rate, whether rates go up or down.

Pitfall:
If interest rates increase, your mortgage payments will still go up, and with no maximum limit.

Phone us today to find out if a discounted rate is right for you.

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

Our mortgage service is completely independent and there is no need to pay us a fee as we are paid commission by the lender. (If you prefer, you can choose to pay us a fee, usually 0.4% of the loan and we will pass on the lender's commission to you).

The FSA do not regulate some forms of mortgage.

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