uniq

An Introductory Variable Rate on a mortgage product generally offer’s a guaranteed low rate for an initial period of time

An introductory variable rate loan generally offer’s a guaranteed low rate for an initial period of time (usually 12 months) after which most interest rates will revert to the Standard Variable Rate.

An Introductory Loan is attractive for the borrower wishing for to take advantage of the honeymoon period before taking up the features and advantages of a Standard Variable Rate Loan.