Call our Mortgage Brokers 01727 845500

Call our Lonsdale mortgage advisers now on 01727 845500 for quality mortgage advice

Variable Rate Mortgages

What is a variable rate mortgage?

A variable rate mortgage tracks the standard variable mortgage interest rate of your lender. This interest rate will normally go up or down after the Bank of England changes interest rates, but your lender is free to change it at any time.

Is a variable rate mortgage right for you?

Review the advantages and disadvantage of variable rate mortgages below.

For a personalised recommendation call our St Albans mortgage advisers today on 01727 845500.

Advantages of variable rate mortgages

  • If interest rates go down and your lender reduces their standard variable rate your mortgage repayments will reduce
  • You should benefit in a low interest rate environment by paying low monthly payments
  • The arrangement fees for standard variable mortgages can often be lower than fixed or tracker mortgages
  • SVR mortgages are good for anyone wanting to repay part or all of their mortgage or as often lenders do not charge fees for early repayment.

Book a consultation

Save time and call our Lonsdale mortgage adviser on 01727 845500 for an initial no obligation mortgage review. Or complete our mortgage enquiry form and get the right mortgage for your situation.


You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

Disadvantages with variable rate mortgages

  • Your payments will change and if interest rates increase very quickly you may find your monthly payments increase significantly
  • Variable rate mortgages can be expensive compared to tracker and discounted mortgage products

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