Variable Rate Mortgages
Also Read - Getting on the Property Ladder | Mortgage Conveyancing | Mortgage Protection
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% Mortgages | Buy to Let Mortgages | Capped Rate Mortgages | Discounted Rate Mortgages | Endowment Mortgages | First Time Buyer Mortgages | Fixed Rate Mortgages | Flexible Mortgages | Interest Only Mortgages | ISA Mortgages | Non Status Mortgages | Self Build Mortgages | Self Certification Mortgages | Self Employed Mortgages | Tracker Mortgages | Variable Rate Mortgages
