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.
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Compare the Best Variable Rate & Tracker Mortgages

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RateAPR CostMortgage TypePeriodMax LTVERCSearch all
3749 mortgages

1.99% reverting to 0.00% 2.2% VariableTerm65%NoneDetails...
Speak to an Adviser
 
  Product Fee: Booking £199, Arrangement £800 

2.19% reverting to 0.00% 2.3% VariableTerm70%NoneDetails...
0800 077 4178
 
  Product Fee: Booking £499 

2.35% reverting to 0.00% 2.4% VariableTerm75%NoneDetails...
Speak to an Adviser
 
  Product Fee: Booking £199, Arrangement £300 

2.59% reverting to 0.00% 2.7% VariableTerm80%NoneDetails...
0800 077 4178
 
  Product Fee: Booking £499 

3.05% reverting to 0.00% 3.2% VariableTerm85%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £300, Booking £199 

3.95% reverting to 0.00% 4.1% VariableTerm90%NoneDetails...
Speak to an Adviser
 
  Product Fee: Arrangement £300, Booking £199 
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4.99% reverting to 4.99% 5.1% Fixed31/10/201695%To 31/10/2016Details...
Proceed
 
  Product Fee: Arrangement Administration £130 

4.19% reverting to 4.84% 5.0% Variable30/11/201675%To 30/11/2016Details...
0808 274 5506
 
  Product Fee: Arrangement £995, Completion £265 

2.39% reverting to 3.69% 3.6% Variable2 years75%NoneDetails...
Proceed
 
  Product Fee: Arrangement £950 
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Last Updated: Monday 22 September 2014 18:08

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.

 

 
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