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Discounted Variable Rate Remortgages

Compare the best discounted variable rate remortgages.

The mortgages below show the best discounted variable rate remortgage rates. You can personalise the chart below by adding the value of the property you want to buy and the value of the mortgage you want to get.
If you're not looking to remortgage you can also search for moving home mortgages and first-time buyer mortgages.

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Best Discounted Variable Remortgages

Best Discounted Variable Remortgages

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  • Progressive BS Discounted Variable
    Rate
    1.24%
    1.24% Discounted Variable (collared at 0.50%) for 2 years (4.01% disc)
    reverting to 5.25%
    APRC
    4.6%
    Max LTV
    60%
    Product Fees
    £0.00
    Initial Payment
    £690.35
    Total Over
    Speak To A Broker
  • Progressive BS Discounted Variable
    Rate
    1.34%
    1.34% Discounted Variable (collared at 0.50%) for 2 years (3.91% disc)
    reverting to 5.25%
    APRC
    4.7%
    Max LTV
    75%
    Product Fees
    £0.00
    Initial Payment
    £698.58
    Total Over
    Speak To A Broker
  • Progressive BS Discounted Variable
    Rate
    1.44%
    1.44% Discounted Variable (collared at 0.50%) for 2 years (3.81% disc)
    reverting to 5.25%
    APRC
    4.7%
    Max LTV
    80%
    Product Fees
    £0.00
    Initial Payment
    £706.88
    Total Over
    Speak To A Broker
  • Furness BS Discounted Variable
    Rate
    1.44%
    1.44% Discounted Variable (collared at 1.44%) for 2 years (4.45% disc)
    reverting to 5.89%
    APRC
    5.3%
    Max LTV
    80%
    Product Fees
    £999.00
    Initial Payment
    £706.88
    Total Over
    Speak To A Broker
  • Scottish BS Discounted Variable
    Rate
    1.74%
    1.74% Discounted Variable for 2 years (3.76% disc)
    reverting to 5.50%
    APRC
    5.0%
    Max LTV
    60%
    Product Fees
    £995.00
    Initial Payment
    £732.13
    Total Over
    Speak To A Broker
  • Scottish BS Discounted Variable
    Rate
    1.74%
    1.74% Discounted Variable for 2 years (3.76% disc)
    reverting to 5.50%
    APRC
    5.0%
    Max LTV
    60%
    Product Fees
    £995.00
    Initial Payment
    £732.13
    Total Over
    Speak To A Broker
  • Beverley BS Discounted Variable
    Rate
    1.77%
    1.77% Discounted Variable for 2 years (3.47% disc)
    reverting to 5.24%
    APRC
    4.8%
    Max LTV
    65%
    Product Fees
    £1,895.00
    Initial Payment
    £734.69
    Total Over
    Speak To A Broker
  • Access exclusive rates

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    Access exclusive rates

    Mortgage brokers can help you access exclusive products and rates

    Find a Conveyancer

    Whether you’re buying or selling, you’ll need to instruct a conveyancer. 

    How much can I borrow? 

    Find out how much you could borrow on a mortgage using our calculator. 

    Access exclusive rates

    Mortgage brokers can help you access exclusive products and rates

    Find a Conveyancer

    Whether you’re buying or selling, you’ll need to instruct a conveyancer. 

    How much can I borrow? 

    Find out how much you could borrow on a mortgage using our calculator. 

  • Furness BS Discounted Variable
    Rate
    1.79%
    1.79% Discounted Variable (collared at 1.79%) for 2 years (4.10% disc)
    reverting to 5.89%
    APRC
    5.3%
    Max LTV
    90%
    Product Fees
    £0.00
    Initial Payment
    £736.40
    Total Over
    Speak To A Broker
  • Newbury BS Discounted Variable
    Rate
    1.84%
    1.84% Discounted Variable for 5 years (2.26% disc)
    reverting to 4.10%
    APRC
    3.3%
    Max LTV
    75%
    Product Fees
    £850.00
    Initial Payment
    £740.67
    Total Over
    Speak To A Broker
  • Newbury BS Discounted Variable
    Rate
    1.84%
    1.84% Discounted Variable for 3 years (2.26% disc)
    reverting to 4.10%
    APRC
    3.7%
    Max LTV
    75%
    Product Fees
    £850.00
    Initial Payment
    £740.67
    Total Over
    Speak To A Broker
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A guide to discounted variable rate remortgages

What is a discounted variable rate remortgage?

Discounted variable (DV) remortgages are a popular choice for people who may not fancy a fixed rate mortgage deal. These products offer a discount on the lender’s standard variable rate (SVR), which means that, as a variable product, your repayments could change over time in line with the lender’s own interest rates. View today's best rates above. 

What are the best discounted variable remortgage deals?

Many DV remortgages are ‘collared’ meaning that the rate you pay will not drop below a certain level.  The best deal can often be thought of as the one offering the lowest interest rate, but as we’ll see, this isn’t the only factor to consider.

How our best discounted variable remortgage comparison works

If you’ve decided that a discounted variable remortgage is right for you, then it’s time to find the best deals using our comparison tables. Our chart instantly presents you with the top deals available, or for a more personalised view, simply put in the required details and we’ll show you a fantastic range of products from the whole of the market. Using our tables is easy: at the top you’ll find some great deals from providers where you can find out more or apply directly on their website, simply by clicking on the ‘Go To Provider’s Site’ button. Below these are the other deals available, ordered with the lowest interest rate first and increasing as you go down the list.

How to choose the best discounted variable remortgage deals for you

Selecting the best discounted variable remortgage isn’t a matter of just picking the one with the lowest rate. Be careful to check if a particular mortgage is ‘collared’ and, if so, at what rate? Is there an upper limit to what you could be paying? You’ll also need to consider what, if any, product fees you’ll have to pay upfront and whether there are any additional benefits being offered by the provider (such as free legal or valuation fees, cashback or payment holidays), all of which can influence your choice and can ensure you find the right deal for your needs.

Should I speak to a mortgage broker?

Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.

 

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Mortgage Advice Bureau offers fee free mortgage advice for Moneyfacts visitors that call on 0808 149 9177. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm excluding bank holidays. Calls may be recorded.

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Best Discounted Variable Remortgage Rates

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