Who are Discounted Mortgages most suitable for ?

People who don’t mind payment increase and decreases throughout the mortgage term.
People who want a lower monthly payment in the early stages of the loan.
People who don’t mind being ties in for the term that the discounted is set for.
When is the best time for a Current Account Mortgage ?

When interest rates look set to lower.
When a person requires lower payments than the variable.
When a person may get a pay increase in the future and prefers a smaller monthly payment in the early part of the loan.
What to watch for ?

Watch out for high arrangement fees or booking fees.
Be careful that the early redemption charge is suitable and will no hinder any future plans of a home move or remortgage.
Make sure you can afford the payments if interest rates rise.