Mortages / Variable Rate Mortgages

The interest rate changes when the lender changes their lending rate. Variable rate mortgages are often recalculated annually. This means that any changes to mortgage interest rates are not reflected in your monthly repayments until the lender's recalculation date. Variable rate mortgages can be the lender's Standard Variable Rate or some other variable rate determined by the lender according to the particular product. A variable rate mortgage allows you to take advantage of any falls in interest rates, but any saving here must be balanced against the risk of future interest rate rises.

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For further information on any of our mortgages call us on 0191 268 1049, or use our Call Back Form and we'll call you at your convenience.

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