Variable Rate Mortgage

The Interest on this Mortgage varies according to the Lenders Standard Variable Rate

This is the standard variable rate that each lender has - the default interest rate.

It is not directly linked to the Bank of England base rate but is likely to change as base rate changes.

The standard variable rate is normally higher than fixed or discounted rates and usually the interest rate which applies after a fixed or discounted rate period has ended.

Click here and find the right variable rate Mortgage for you.

Your home may be repossessed if you do not keep up repayments on your mortgage. Memigo Money provides information but does not sell or provide advice on mortgages or their suitability. There may be a fee for mortgage advice; the precise amount depends on your circumstances.

For adverse credit mortgages the overall cost for comparison will vary, the actual rate available will depend upon your circumstances. Ask for a personalised illustration.

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