Best Variable Rate (Moving House)
A variable rate mortgage is based on the Lenders standard variable rate and a Lenders standard variable rate is generally affected by movement within the Bank of England's base rate. Standard variable rates vary from Lender to lender but are typically 1.5%– 3.5% above the Bank of England base rate.
Often, many of the lenders charge the same or very similar standard mortgage rates, but be wary of any Lender that has a standard variable rate that is considerably higher than the rest, as it is not offering value for money.
Lenders quite often offer financial incentives to borrowers in order to encourage them to take a variable rate mortgage. As a general rule, the standard variable rates offered by building societies tend to be slightly lower than those on offer at high street banks. But note that the straightforward variable rate mortgages are never the cheapest deals on offer.
Please note that the standard variable rate is not guaranteed to rise and fall in line with the Bank of England’s base rate changes.
Best variable rate mortgage tables are updated daily to give you the best variable rate mortgage deals on the market.
| Lender Name | Initial Rate | APR% | Rate Control | |
| Principality | 6.14 | 7.1 | 25 mths |  |
| Saffron B.Society | 6.55 | 6.8 | |
|
| Saffron B.Society | 6.55 | 6.8 | |
|
| Lloyds TSB Scotland | 6.63 | 7.1 | 28 mths | |
| Bank Of Ireland Mgs | 6.74 | 7.1 | 26 mths | |
| Bank Of Ireland Mgs | 6.74 | 7.1 | 26 mths | |
| Chelsea B Society | 6.99 | 7.2 | |
|
| Chelsea B Society | 6.99 | 7.2 | |
|
| Furness B.Soc | 6.99 | 7.4 | 36 mths | |
| Lloyds TSB Scotland | 7 | 7.2 | |
|
| Leeds B Society | 7.09 | 7.5 | 60 mths | |
| Bristol + West | 7.09 | 7.5 | |
|
| Abbey | 7.09 | 7.3 | |
|
| Furness B.Soc | 7.24 | 7.5 | |
|
| BM Solutions | 7.44 | 7.7 | |
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Our rate:
6.29%
Overall cost for comparison is 6.8%
Our rate:
6.14%
Overall cost for comparison is 7.1%
Our rate:
7.19%
Overall cost for comparison is 7.5%