What is Honeymoon Rate?
A honeymoon rate (also called an introductory rate) is a discounted rate offered for an initial period — usually 1–2 years — before reverting to the lender's standard variable rate.
Why it matters for you
Honeymoon rates look attractive but often revert to above-market rates. Always check what you'll be paying at year 3 and 4. A slightly higher rate from day one with no revert trap is usually better value over the life of the loan.
Last updated: April 2026