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Mortgage Calculators

Mortgage repayment calculatorMortgage repayment calculator
Work out how much your mortgage repayments will be.

Right to Buy property sales on the up
Right to Buy property sales on the up

The number of local authority homes purchased by occupiers increased during the final quarter of 201... More

First-time buyer lending rises by 20%
First-time buyer lending rises by 20%

The number of home loans approved to people purchasing their first property climbed by monthly by 20... More

Valuation activity soars
Valuation activity soars

The number of surveys carried out on first-time buyer homes rose to its highest level since 2007 dur... More

Mortgage market criticised for lack of innovation
Mortgage market criticised for lack of innovation

Homeowners across the UK have called for the introduction of more innovative mortgage products to as... More

Property prices continue to rise
Property prices continue to rise

Figures released by the mortgage lender Halifax have revealed a quarterly increase in UK property pr... More

How to choose an estate agent
How to choose an estate agent

Find out how to choose the best estate agent in this guide. We look at practical ways to shortlist, ... More

Mortgage valuations are not in-depth surveys
Mortgage valuations are not in-depth surveys

Mortgage valuations shouldn’t be confused with a property survey. You should consider having a surve... More

How to buy a house: making an offer to completion
How to buy a house: making an offer to completion

Find out how buying a house works, from making your offer to completion. This guide explains the mor... More

Hinckley & Rugby BS storms market with 5-star rate
Hinckley & Rugby BS storms market with 5-star rate

Hinckley & Rugby Building Society has reduced its discounted variable offset mortgage rate by 0.30%,... More

5-star tracker rate unveiled by first direct
5-star tracker rate unveiled by first direct

A rate cut of 0.60% has pushed the first direct variable tracker deal to the top of the 90% loan-to-... More

Coventry BS unveils 5-star variable-rate mortgage
Coventry BS unveils 5-star variable-rate mortgage

Coventry Building Society has cut the rate on its variable-rate mortgage for term, catapulting it to... More

HSBC issues market-leading five-year rate
HSBC issues market-leading five-year rate

HSBC has stormed the long-term fixed-rate market with a ground-breaking five-year rate available to ... More

Cumberland BS cuts discount rate
Cumberland BS cuts discount rate

Cumberland Building Society has made a series of rate cuts across its mortgage range, most notably w... More

 

Compare the Best Variable Rate & Tracker Mortgages


Looking for the flexibility of a standard variable rate or a mortgage that tracks the Bank of England's base lending rate? Our team of independent experts have compared ten Best Buy variable mortgage products for you.
RateAPR CostMortgage TypePeriodMax LTVRedemption
SORTSORTSORTSORT
HSBC

2.28% for term2.4%VariableTerm60%-
Details...
0800 077 4178
Product Fee: Booking £1999
Coventry BS

2.55% for term2.7%VariableTerm75%-
Product Fee: Booking £199, Arrangement £800
HSBC

2.99% for term3.0%VariableTerm70%-
Details...
0800 077 4178
Product Fee: none
Coventry BS

2.99% for term3.1%VariableTerm80%-
Product Fee: Booking £199, Arrangement £800
The Co-operative Bank

3.89% for term4.0%VariableTerm85%To 30/06/2016
Product Fee: none
first direct

4.19% for term4.3%VariableTerm90%-
Product Fee: none
 Sponsored Products
Mansfield BS

2.90% Reverting to 5.59%4.9%Discounted Variable3 years80%1st 3 yrs
Product Fee: Arrangement £799, Booking £199
Santander

2.44% Reverting to 4.74%4.5%Variable2 years70%To 02/06/2015
Details...
0808 163 7151
Product Fee: Booking £995
Virgin Money
2.34% Reverting to 4.79%4.5%Fixed01/08/201570%To 01/08/2015
Details...
0845 287 0788
Product Fee: Arrangement £995
NatWest Mortgage Services

3.89% Reverting to 4.00%4.1%Variable31/10/201580%To 31/10/2015
Details...
0800 068 8512
Product Fee: none
Halifax

2.79% Reverting to 3.99%3.9%Variable31/08/201560%To 31/08/2015
Details...
0845 154 4128
Product Fee: Completion £265
Click to compare up to 3 mortgage products.
Last Updated: Monday 20 May 2013 01:41
Disclaimer:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
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What you should know about Variable Rate Mortgages

There are several types of variable rate mortgages, including standard variable, discounted rate and tracker rate. The interest rate you pay on all of these can go up as well as down. Although they do not offer protection from future rate increases, they will allow you to benefit from cheaper payments when interest rates are low.

Some lenders offer tracker rate mortgages. These rates move up and down (or track) in line with changes to the Bank of England base rate, meaning that your payment can fluctuate as well.

Most lenders offer a standard variable rate mortgage (SVR). The fees associated with taking out, or remortgaging from, an SVR mortgage are often relatively low. This is because many have low set-up costs and no early repayment charges. Unlike a tracker, an SVR is set arbitrarily by each individual lender, so your rate may increase or decrease by a different amount to the Bank of England base rate.

Discounted rates are another form of variable rate mortgage; we have a separate best buy table for these here, or a specialist table for first time buyers.

When you look at our best buys, you will see that we have selected products from across different loan-to-value tiers in order to give a wide overview of what’s available.

However, if you can’t find a product that’s right for you don’t worry – you can use our quick and easy mortgage search to access a more comprehensive list of mortgages.