Direct Line Mortgages, founded in 1985, offering six types of primary products to more than five million customers in the UK and in Europe, including two types of mortgages: Fixed interest rate and discount rate.
Mortgage with a fixed interest rate with Direct Line Mortgages there are improvements on your initial level for an agreed period of time, either 2, 3 or 5 years, after which your mortgage will go back to the standard variable rate. With mortgage interest rate discount will direct your initial discounted rate for 2 years, after the interest rate you’ll be set above the Bank of England Base Interest rates for the remaining term of the mortgage.
Direct Line Mortgages offers more options to pay on a fixed interest rate and discount rate mortgages, allowing you to pay up to 10% per annum during the period of fixed interest rate. The cost of the initial payment will apply if you pay more than 10% of the mortgage at a fixed interest rate period.