D

Discounted Rate Mortgage

This is the variable mortgage that is discounted from a Lender's SVR by a set percentage within a set period. There are often Early Repayment Charges applicable if the loan is repaid within the discounted period.

Discounted Tracker Rate Mortgage

This is a variable mortgage that is discounted from the Bank of England's Base Rate by a set percentage within a set period. There are often Early Repayment Charges applicable if the loan is repaid within the discounted period.