Low Set Up Cost Mortgages

What is a Low Set Up Cost Mortgage?
A low set up cost mortgage is a mortgage where the repayments in the earlier period are lower than in the later period. An example of a low set up cost mortgage would be a discounted rate for 6 months and then on to the variable rate when 6 months has elapsed. Often low set up cost mortgages can be 100% mortgages also and are aimed at those who do not have a great deal of available funds at the start of the mortgage period.