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Variable Rate Mortgages

The table below provides a list of variable interest rate mortgage offers. With a variable rate mortgage the amount you repay increases or decreases in line with interest rate changes. This means your monthly repayment will can change from month to month as interest rates go up and down.

The table is sorted by interest rates. For more information on mortgage jargon used in the best buy table below, click here

Variable Rate Mortgages - Example Loan Amount value of £100,000 over 20 years

CompanyTypical APR (variable)DetailsGo
Alliance & Leicester IntermediaryFlexi 2yr BBR + 3.59% LTV 85%4.1%More details
Share to Buy LtdBritannia Term SVR + 0.05% H/P LTV 85% Grad Excl4.3%More details
Yorkshire Building Society2yr BBR +3.89% Tracker LTV 85% Direct4.4%More details
Yorkshire Building Society2yr BBR +3.99% Tracker Offset LTV 85% Direct4.5%More details
Cheltenham & Gloucester2yr BBR + 3.99% Tracker H/P LTV 85% <GBP1m Direct4.5%More details
Nationwide Building SocietyFlex 2yr BBR + 4.13% B H/P LTV 90%BchEx/C F/Lgls4.6%More details
Nationwide Building SocietyFlex 2yr BBR + 4.13% B H/P LTV 90% Bch Ex/C4.6%More details
Ecology Building SocietyStandard LTV 85%4.7%More details
Alliance & Leicester IntermediaryFlexi 2yr BBR + 4.19% LTV 85%4.7%More details
Cheltenham & Gloucester2yr BBR + 4.29% Tracker H/P LTV 85% <GBP1m Direct4.8%More details
Further information:

  • We search the UK mortgage market, data is checked daily.
  • Click on the "more details" link, for additional information.
  • Request advice from trained mortgage consultants.

Explanation of mortgage table:


  • BBR - Bank Base Rate – relating to the Bank of England/UK Base Rate – however, a number of mortgage providers use their own jargon – for example, BMR meant their own Base Mortgage Rate.
  • BTL – Buy to let mortgage – as mortgage taken out on a property that is specifically for rental to a third party rather than as a primary point of residence.
  • C/B – Cashback Mortgage - you get a cash rebate on completion of the purchase.
  • ERC – Early Repayment Charge – Within the terms and conditions of many mortgage policies, lenders will require a fee if repay your mortgage ahead of schedule.
  • Fxd - Fixed - this refers to an interest rate being fixed
  • H/P – House Purchase Mortgage.
  • LIBOR – London Interbank Operating Rate – the rate at which financial institutions borrow / lend money from one another. This relates to mortgage providers funding fixed term mortgages.
  • Offset mortgage - this is a flexible mortgage which allows a borrower to keep balances (such as mortgage debt, savings account and current account) in separate accounts, but, for the purposes of interest calculation, all balances are aggregated. Money in savings or current accounts is set against the mortgage balance and interest is only charged on the outstanding amount, meaning interest payments are reduced.
  • Prof – Professional Mortgage for 3 years – only available for certain people who are in the following professions - Solicitors, Doctors, etc
  • S/C – Self Certification Mortgage – for customers who are self employed or directors who have to provide a set of accounts to proof their income.