|
A mortgage lender's variable interest rate fluctuates in line with changes to the Bank of England Base Rate or LIBOR and a Variable Rate mortgage means that the mortgage has an ‘adjustable’ interest rate.
This can be an advantage when the market rate decreases, as you could save money!
However, if the base rate increases then usually you will see an increase in your lender’s standard variable rate. A variable rate mortgage would not offer any protection, meaning that in this event, you would have to make higher monthly payments.
If you would like to speak to a mortgage adviser about Variable Rate mortgages, or any other mortgage products, please call 0845 257 9301 or complete our brief questionnaire and one of our qualified mortgage advisers will contact you to discuss you requirements.
|
|
We Can Help |
|
Re-Mortgage your existing home |
|
Even if you have poor past credit or you are working as a self employed person |
|
Provide you with a Mortgage for your Home |
 |
Provide you with a Mortgage for Commercial use |
|
If you are facing financial difficulties |
|
Buy your council property at a discount |
0845 257 9301 |
|
