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.

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 selected the lowest deals according to 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.

Lowest 2 year tracker deal (first-time buyer)


Lowest initial period true cost deal:
£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. This deal was last updated on 4th December 2018.

Lowest 2 year tracker deal (remortgage)


Lowest initial period true cost deal:
£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. This deal was last updated on 4th December 2018.

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