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 the best variable mortgages for you.
Also look at:

Compare the Best Variable Rate & Tracker Mortgages

Compare
Up to 3 products
side by side
RateAPR CostMortgage TypePeriodMax LTVERCSearch all
4164 mortgages

1.79% reverting to 0.00% 1.9% VariableTerm65%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £300 

1.99% reverting to 0.00% 2.1% VariableTerm70%NoneDetails...
0800 077 4178
 
  Product Fee: Booking £499 

2.15% reverting to 0.00% 2.3% VariableTerm80%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £800 

2.19% reverting to 0.00% 2.3% VariableTerm75%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £300 

2.65% reverting to 0.00% 2.8% VariableTerm85%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £800 

3.55% reverting to 0.00% 3.7% VariableTerm90%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £300 
  Sponsored Products  

4.68% reverting to 5.73% 5.7% Discounted Variable2 years85%1st 2 yrs Details...
0333 920 8356
 
  Product Fee: Completion £999 
Compare
Last Updated: Monday 22 December 2014 16:41

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply via Moneyfacts.co.uk today. Products shown with a yellow background are sponsored products.

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.
 

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.

 

 
 moneyfacts.co.uk=

Advertisements:

Mortgage Calculators

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

How much can I borrow calculator?How much can I borrow calculator?
Work out what your monthly mortgage payments are likely to be based on how much you want to borrow over the mortgage term.

Are you a ‘frustrated middle mover’?
Are you a ‘frustrated middle mover’?

The news has long been full of the woes of the first-time buyer, but they are not the only ones who ... More

First-time buyer lending hits seven-year high
First-time buyer lending hits seven-year high

Mortgage loans for first-time buyers have reached their highest level for seven years, as borrowers ... More

How much could you save with new stamp duty rates?
How much could you save with new stamp duty rates?

One of the biggest announcements in this week’s Autumn Statement was the reform to stamp duty thresh... More

The seasonal slowdown in housing activity
The seasonal slowdown in housing activity

There’s often a lull in housing market activity during the winter months, and this year is no except... More

Could you find it difficult to get a mortgage?
Could you find it difficult to get a mortgage?

Are you hoping to get a mortgage? Well, it’s not that easy. Regulatory changes have made it increasi... 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

Is your mortgage payment going up?
Is your mortgage payment going up?

Several mortgage lenders have announced increases to their rates. Find out what to do if your mortga... More

3-yr mortgage gets reduced rate and 4 stars
3-yr mortgage gets reduced rate and 4 stars

Yorkshire Bank has reduced selected mortgage rates, boosting their competitiveness in the market. On... More

3-yr mortgage enters the best buys
3-yr mortgage enters the best buys

Skipton Building Society has reduced the rate on its three-year fixed rate mortgage by 0.23%, pushin... More

TSB’s 10-year mortgage wins five stars
TSB’s 10-year mortgage wins five stars

TSB has unveiled a new 10-year mortgage deal, which has zoomed straight into the Moneyfacts charts a... More

Post Office mortgage awarded 5 stars
Post Office mortgage awarded 5 stars

Post Office has added to its mortgage products with a new two-year fixed rate deal, which has won th... More

Fixed rate mortgage gets market-leading rate
Fixed rate mortgage gets market-leading rate

Norwich & Peterborough Building Society has amended selected fixed rates among its mortgage offering... More