Variable Rate Mortgages - Tracker Mortgages | moneyfacts.co.uk

Compare the Best Variable Rate & Tracker Mortgages

  - Looking for the flexibility of a 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.
 
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Compare the Best Variable Rate & Tracker Mortgages

Compare
Up to 3 products
side by side
RateAPRCTrackerPeriodMax LTVERCSearch all
4616 mortgages

1.39%
 for Term
1.5% NoTerm50%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £999 

1.49%
 for Term
1.6% NoTerm75%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £999 

1.69%
 for Term
1.8% NoTerm85%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £999 

1.89%
 for Term
2.0% NoTerm75%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £499 

2.05%
 for Term
2.2% NoTerm90%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £999 

2.09%
 for Term
2.2% NoTerm85%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £499 
  Sponsored Products  

1.74%
Reverting to 3.74%
3.4% Yes2 years75%NoneDetails...
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  Product Fee: None 

2.39%
Reverting to 3.75%
3.8% Yes30/04/201960%To 30/04/2019Details...
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  Product Fee: None 
Compare
Last Updated: Tuesday 24 January 2017 14:48

Representative Example: £150,000 mortgage over 25 years initially at 1.89% variable for term. 300 monthly payments of £627.78. Total amount payable £188,883.00 includes loan amount, interest of £38,334, valuation fees of £0 and product fees of £499. The overall cost for comparison is 1.9% APRC representative.

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: Credit will be secured by a mortgage on your property. 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.

 

 
 
 

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