Variable Rate Mortgages

These variable rate mortgages can change their mortgage interest rates at any time, subject to the terms and conditions of the mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage

Our variable-rate mortgages

First Time Buyer Two Year Discount Mortgage

  • Initial rate4.49% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.4% APRC
  • Product periodtwo years
  • Deposit required5%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £232,985 payable over 35 years, initially on a Discounted rate for 2 years at 4.49% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 33 years, would require 24 monthly payments of £1,101.17 and 396 monthly payments of £1,229.02.

The total amount payable would be £513,385.00 made up of the loan amount plus interest (£280,430.12), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.4% APRC representative.

Two Year Discount Mortgage

  • Initial rate1.15% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.7% APRC
  • Product periodtwo years
  • Deposit required40%
  • Arrangement fee£999
View this mortgage ViewRepresentative Example

A mortgage of £250,120 payable over 24 years, initially on a Discounted rate for 2 years at 1.15% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 22 years, would require 24 monthly payments of £998.21 and 264 monthly payments of £1,506.98.

The total amount payable would be £422,064.76 made up of the loan amount plus interest (£171,974.60), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.7% APRC representative.

Two Year Discount Mortgage

  • Initial rate1.25% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.8% APRC
  • Product periodtwo years
  • Deposit required20%
  • Arrangement fee£999
View this mortgage ViewRepresentative Example

A mortgage of £250,120 payable over 24 years, initially on a Discounted rate for 2 years at 1.25% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 22 years, would require 24 monthly payments of £1,009.71 and 264 monthly payments of £1,508.35.

The total amount payable would be £422,702.44 made up of the loan amount plus interest (£172,612.28), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.8% APRC representative.

Three Year Discount Mortgage

  • Initial rate1.95% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.4% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £60,146 payable over 10 years, initially on a Discounted rate for 3 years at 1.95% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 7 years, would require 36 monthly payments of £97.55 and 84 monthly payments of £269.63.

The total amount payable would be £87,243.82 made up of the loan amount plus interest (£27,127.47), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.4% APRC representative.

Three Year Discount Mortgage

  • Initial rate2.29% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.7% APRC
  • Product periodthree years
  • Deposit required30%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £250,120 payable over 24 years, initially on a Discounted rate for 3 years at 2.29% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 21 years, would require 36 monthly payments of £1,129.69 and 252 monthly payments of £1,498.85.

The total amount payable would be £418,644.04 made up of the loan amount plus interest (£168,553.88), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.7% APRC representative.

Three Year Discount Mortgage

  • Initial rate2.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.8% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £87,066 payable over 27 years, initially on a Discounted rate for 3 years at 2.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 24 years, would require 36 monthly payments of £364.79 and 288 monthly payments of £495.06.

The total amount payable would be £241,992.07 made up of the loan amount plus interest (£154,956.37), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.8% APRC representative.

Three Year Discount Mortgage

  • Initial rate3.29% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.1% APRC
  • Product periodthree years
  • Deposit required10%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £198,256 payable over 30 years, initially on a Discounted rate for 3 years at 3.29% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 27 years, would require 36 monthly payments of £866.19 and 324 monthly payments of £1,090.01.

The total amount payable would be £582,991.02 made up of the loan amount plus interest (£384,764.67), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.1% APRC representative.

Next Step Variable Rate Mortgage

  • Initial rate4.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.2% APRC
  • Product periodfive years
  • Deposit required5%
  • Arrangement fee£995
View this mortgage ViewRepresentative Example

A mortgage of £475,958 payable over 30 years, initially on a Discounted rate for 5 years at 4.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 25 years, would require 60 monthly payments of £2,380.60 and 300 monthly payments of £2,631.51.

The total amount payable would be £930,820.83 made up of the loan amount plus interest (£454,893.33), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.2% APRC representative.

Next Step Variable Rate Mortgage

  • Initial rate5.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.5% APRC
  • Product periodLife of loan
  • Deposit required5%
  • Arrangement fee£495
View this mortgage ViewRepresentative Example

A mortgage of £475,458 payable over 30 years on our current Standard Variable Rate Mortgage of 5.39% (variable) would require 360 monthly payments of £2,666.87.

The total amount payable would be £960,338.20 made up of the loan amount plus interest (£484,910.70), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.5% APRC representative.

Self Employed Mortgage

  • Initial rate2.49% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.7% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £401,964 payable over 25 years, initially on a Discounted rate for 3 years at 2.49% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 22 years, would require 36 monthly payments of £1,801.25 and 264 monthly payments of £2,368.91.

The total amount payable would be £690,502.24 made up of the loan amount plus interest (£288,568.06), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.7% APRC representative.

Self Employed Mortgage

  • Initial rate2.79% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.8% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £401,964 payable over 25 years, initially on a Discounted rate for 3 years at 2.79% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 22 years, would require 36 monthly payments of £1,862.55 and 264 monthly payments of £2,377.39.

The total amount payable would be £694,947.76 made up of the loan amount plus interest (£293,013.58), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.8% APRC representative.

Self Employed Mortgage

  • Initial rate3.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.0% APRC
  • Product periodthree years
  • Deposit required10%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £401,964 payable over 25 years, initially on a Discounted rate for 3 years at 3.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 22 years, would require 36 monthly payments of £1,988.69 and 264 monthly payments of £2,393.72.

The total amount payable would be £703,799.92 made up of the loan amount plus interest (£301,865.74), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.0% APRC representative.

Contractor 3 Year Discount Mortgage

  • Initial rate2.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.7% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £152,237 payable over 25 years, initially on a Discounted rate for 3 years at 2.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 22 years, would require 36 monthly payments of £674.56 and 264 monthly payments of £896.10.

The total amount payable would be £261,119.56 made up of the loan amount plus interest (£108,912.43), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.7% APRC representative.

Contractor 3 Year Discount Mortgage

  • Initial rate2.69% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.8% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £152,237 payable over 25 years, initially on a Discounted rate for 3 years at 2.69% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 22 years, would require 36 monthly payments of £697.62 and 264 monthly payments of £899.34.

The total amount payable would be £262,805.08 made up of the loan amount plus interest (£110,597.95), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.8% APRC representative.

Contractor 3 Year Discount Mortgage

  • Initial rate3.29% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.0% APRC
  • Product periodthree years
  • Deposit required10%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £152,237 payable over 25 years, initially on a Discounted rate for 3 years at 3.29% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 22 years, would require 36 monthly payments of £745.10 and 264 monthly payments of £905.57.

The total amount payable would be £261,119.56 made up of the loan amount plus interest (£108,912.43), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.0% APRC representative.

Professional 5 Year Discount Mortgage

  • Initial rate3.19% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.1% APRC
  • Product periodfive years
  • Deposit required30%
  • Arrangement fee£1,550
View this mortgage ViewRepresentative Example

A mortgage of £329,797 payable over 38 years, initially on a Discounted rate for 5 years at 3.19% and then a 1.00% discount off of our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 33 years, would require 60 monthly payments of £1,248.91 and 396 monthly payments of £1,462.47.

The total amount payable would be £654,337.72 made up of the loan amount plus interest (£324,570.71), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.1% APRC representative.

Professional 5 Year Discount Mortgage

  • Initial rate3.69% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.3% APRC
  • Product periodfive years
  • Deposit required20%
  • Arrangement fee£1,550
View this mortgage ViewRepresentative Example

A mortgage of £329,797 payable over 38 years, initially on a Discounted rate for 5 years at 3.69% and then a 1.00% discount off of our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 33 years, would require 60 monthly payments of £1,346.04 and 396 monthly payments of £1,473.68.

The total amount payable would be £664,604.68 made up of the loan amount plus interest (£334,837.67), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.3% APRC representative.

Professional 5 Year Discount Mortgage

  • Initial rate3.79% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.3% APRC
  • Product periodfive years
  • Deposit required15%
  • Arrangement fee£1,550
View this mortgage ViewRepresentative Example

A mortgage of £329,797 payable over 38 years, initially on a Discounted rate for 5 years at 3.79% and then a 1.00% discount off of our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 33 years, would require 60 monthly payments of £1,365.90 and 396 monthly payments of £1,475.82.

The total amount payable would be £666,643.72 made up of the loan amount plus interest (£336,876.71), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.3% APRC representative.

Professional 5 Year Discount Mortgage

  • Initial rate3.99% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.4% APRC
  • Product periodfive years
  • Deposit required10%
  • Arrangement fee£1,550
View this mortgage ViewRepresentative Example

A mortgage of £329,797 payable over 38 years, initially on a Discounted rate for 5 years at 3.99% and then a 1.00% discount off of our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 33 years, would require 60 monthly payments of £1,406.04 and 396 monthly payments of £1,480.00.

The total amount payable would be £670,707.40 made up of the loan amount plus interest (£340,940.39), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.4% APRC representative.

Self Build Mortgage [Interest Only]

  • Initial rate4.20% Variable
  • The overall cost for comparison is4.9% APRC
  •  
  • Product period24 months
  • Max Gross Development Value75%
  • Arrangement fee1.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £132,775 payable over 2 years on our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.20% (variable) would require 24 monthly payments of £464.71.

The total amount payable would be £144,193.40 made up of the loan amount plus interest (£11,448.04), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.9% APRC representative.

Talk to us today

To arrange an appointment with one of our Mortgage Advisers call us free on:0800 072 1100or complete the form below:

Does at least one applicant have an income?


Do you have a deposit (or equity in property) of at least 5% of the property value?


Do you own your current residential property (with or without a mortgage)?


Do you have a deposit (or equity in property) of at least 20% of the property value?


Thank you for your enquiry.

A Mortgage Adviser will be in contact with you within 3 working days.