UK Variable Rate Mortgage
A Variable Rate Mortgage means that the interest rate you are charged on
your mortgage will rise and fall along with the Bank of England’s base rate.
With a Standard Variable Rate Mortgage your monthly payment will only change
once a year under an annual review procedure.
Each of the mortgage lenders have their own interest rate which
is usually set at around 1% to 2% higher than the base rate. So
if the base rate was 6% you would be paying 7% to 8%.
Full range of UK Mortgages:
100% | Buy to Let | Capped Rate | Discounted Rate | Endowment | First Time Buyer | Fixed Rate | Flexible | Interest Only | ISA | Non Status | Self Build | Self Certification | Self Employed | Tracker | Variable Rate
