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Discounted Rate

Discounted Rate

In other words

A rate that is a set at a certain margin below a lenders Standard Variable Rate (SVR). Monthly payments can rise if the lender r

Definition

A rate that is a set at a certain margin below a lenders Standard Variable Rate (SVR). Monthly payments can rise if the lender raises the SVR. Often lenders do not reduce rates in line with Bank Base Rate reductions. This highlights the benefit of a Base Rate Tracker mortgage.