Variable Rates Mortgage

Tailored rates with firstmortgage.co.uk

Why search through hundreds of lenders for the right variable rate mortgage?

First Mortgage has a whole of market choice, meaning that we can find the very best deal for you from over a hundred UK lenders and we won’t charge a penny for our service.

Why get a variable rate mortgage?

A variable rate mortgage is on which is linked to the lenders standard variable rate (SVR). The SVR is normally a set percentage above the Bank of England base rate or the LIBOR rate. Previously variable rate mortgages were seen as expensive, but since the onset of tighter lending criteria and higher fixed rate mortgages, SVR mortgages have become competitive.

Is a variable rate mortgage deal right for you?

A variable rate mortgage can be a good short-term solution when there is uncertainty over which way the Bank of England rates are going to move and the current high rates for fixed rate mortgages. However, you should consider the fact that if the Bank of England raises it rates then the variable rate mortgage interest rates will rise shortly after.

Apply now for a variable rate mortgage with First Mortgage

Call us on 0845 603 1525 to talk with one of our experienced and friendly team. We are happy to discuss your needs and help choose the best option for you.