Discounted Rate

An interest rate lower than the lender’s Standard Variable Rate for a mortgage. This is normally discounted for a limited period and then will revert back to the lenders Standard Variable Rate...

Discounted Tracker Rate Mortgage

This is a variable rate mortgage that is discounted from the Bank of England’s base rate. It is usually discounted by a set percentage but will increase / decrease in line with the Bank of England’s base rate. For Example: If the Base Rate is 2% and the...

Discretionary Grounds For Possession

Grounds that may be cited in possession proceedings which allow the court discretion as to whether or not to grant possession there are also eight mandatory grounds for possession. The discretionary grounds cover circumstances in which: -> the landlord has offered...