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What is a variable-rate mortgage?

Variable rate mortgages are mortgages where the interest rate can be changed, or varied, from month to month. There are two traditional types of variable rate mortgages, standard and tracker variable.

Related Posts:

  • What is the difference between fixed and variable…
  • What does the interest rate rise mean for you?
  • Exiting a fixed rate early
  • Professional mortgage options
  • Top tips for getting a mortgage

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What is a fixed-rate mortgage?
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

By submitting your details you agree to them being used by Clever Mortgages, or an Appointed Representative of Financial Makeover Ltd, to respond to your enquiry. Please note all second charge and commercial products will be dealt with by Clever Lending who are a trading name of Financial Makeover.

Clever Mortgages is a trading name of Financial Makeover Limited. Financial Makeover Limited is a limited company registered in England and Wales with registered number 6111701. Registered Office: Kempton House, Dysart Road, PO Box 9562, Grantham, Lincolnshire NG31 0EA. Financial Makeover Limited is authorised and regulated by the Financial Conduct Authority with registered number 706595. Your initial consultation and any quotations are free and you are under no obligation to proceed with any options that may be available to you. If you choose to go ahead with a mortgage or secured loan, a fee will become chargeable. Our calls may be recorded and monitored for training, compliance and complaint handling purposes. Please note funeral plans, commercial mortgages and some buy to let mortgages are not FCA regulated products.

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