Our best variable rate mortgage deals

Compare competitive variable rate mortgages to find the right deal for you.

The interest rate on this mortgage type will rise and fall - some in keeping with changes in The Bank of England’s bank rate.

Bear in mind
Your home could be repossessed if you don't keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Any savings will vary depending on personal circumstances.

Current variable-rate deals

The following deals are based on securing a mortgage of £181,600 on a £227,000 property (that's 80% loan-to-value) over a 25 year term.

We’ve searched for the most competitive deals according to true-cost. This includes capital and interest repayments, fees, and incentives due over the initial period of the deal, and is a more effective way of comparing deals than looking for the lowest interest rate deal.

2 year tracker deal (first-time buyer)


True cost over initial period:
£18,100.20

Monthly payment:
£749.55

Upfront fee:
£111.00

Initial rate:
1.77%

Standard Variable Rate (SVR):
4.99%

Annual Percentage Rate of Charge (APRC):
4.50%


Based on securing a mortgage of £181,600 over a 25 year term. Reverts to SVR after initial 24 month period, costing £1,035.75 per month for 276 months. Total amount payable is £304,032.20 including interest and fees. True cost based on a 24 month period. This deal was last updated on 1st March 2019.

2 year tracker deal (remortgage)


True cost over initial period:
£17,995.20

Monthly payment:
£749.55

Upfront fee:
£6.00

Initial rate:
1.77%

Standard Variable Rate (SVR):
4.99%

Annual Percentage Rate of Charge (APRC):
4.50%


Based on securing a mortgage of £181,600 over a 25 year term. Reverts to SVR after initial 24 month period, costing £1,035.75 per month for 276 months. Total amount payable is £303,927.20 including interest and fees. True cost based on a 24 month period. This deal was last updated on 1st March 2019.

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Bear in mind
Your home could be repossessed if you don't keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Any savings will vary depending on personal circumstances.