Search
Contact Us
Discount Market Scheme Mortgages
We are supporting the Discount Market Scheme - a specialist home ownership mortgage, where a new build property is purchased at a discounted price.
Our mortgages
You can mark products as favourites, allowing you to gather all your favourited items for a comparison.
Discount Market Scheme - 2 Year Discount 95% LTV (30% OMV Discount)
Initial Interest Rate
5.59%
Maximum Loan To Value (LTV)
95%
Overall Cost for Comparison
7.50%
Product Code
DP224
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.59% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,115.05, 48 payments of £1,250.89 and 228 monthly payments of £1,370.66.
The total amount payable would be £400,181.40 made up of the loan amount plus interest of £219,314.40 and the following costs, a Scheme Fee of (£599.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£193.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.5% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Discount Market Scheme - 2 Year Discount 95% LTV (Minimum of 20% OMV Discount)
Initial Interest Rate
5.84%
Maximum Loan To Value (LTV)
95%
Overall Cost for Comparison
7.60%
Product Code
DP223
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.84% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,142.20, 48 payments of £1,252.66 and 228 monthly payments of £1,372.61.
The total amount payable would be £401,362.56 made up of the loan amount plus interest of £220,495.56 and the following costs, a Scheme Fee of (£599.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£193.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.6% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.