What is Introductory Rate?
Introductory rates (often called honeymoon rates) are discounted rates offered for an initial period — typically 1–2 years — before reverting to the lender's standard variable rate.
Why it matters for you
The revert rate is what really matters — not the headline. Always calculate total interest cost over 5 years at both the intro and revert rates. A plain competitive variable often beats an intro-rate offer over realistic time horizons.
Last updated: April 2026