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

Two Year Discount Mortgage

  • Initial rate1.54% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.0% APRC
  • Product periodtwo years
  • Deposit required40%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 1.54% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £450.94 and 96 monthly payments of £1,358.68.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £39.

The overall cost for comparison is 141.0% APRC representative.

Two Year Discount Mortgage

  • Initial rate1.64% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.0% APRC
  • Product periodtwo years
  • Deposit required30%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 1.64% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £480.22 and 96 monthly payments of £1,358.68.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £39.

The overall cost for comparison is 141.0% APRC representative.

Two Year Discount Mortgage

  • Initial rate1.74% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is3.6% APRC
  • Product periodtwo years
  • Deposit required20%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 1.74% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £3,192.45 and 96 monthly payments of £3,570.77.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £38.6.

The overall cost for comparison is 68.0% APRC representative.

Two Year Discount Mortgage

  • Initial rate2.74% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.0% APRC
  • Product periodtwo years
  • Deposit required10%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 2.74% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £3,350.98 and 96 monthly payments of £3,604.17.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £39.

The overall cost for comparison is 75.0% APRC representative.

Two Year Discount Mortgage

  • Initial rate3.84% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.4% APRC
  • Product periodtwo years
  • Deposit required5%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £353,529 payable over 10 years, initially on a Discounted rate for 2 years at 3.84% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 8 years, would require 24 monthly payments of £3,530.93 and 96 monthly payments of £3,640.00.

The total amount payable would be £0 made up of the loan amount plus interest (£) and a redemption fee of £39.4.

The overall cost for comparison is 82.0% APRC representative.

Self Employed Three Year Discount Mortgage

  • Initial rate2.74% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.3% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £275,683 payable over 33 years, initially on a Discounted rate for 3 years at 2.74% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 30 years, would require 36 monthly payments of £1,058.50 and 360 monthly payments of £1,337.14.

The total amount payable would be £499 made up of the loan amount plus interest (£) and a redemption fee of £39.3.

The overall cost for comparison is 243.0% APRC representative.

Self Employed Three Year Discount Mortgage

  • Initial rate3.04% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.4% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £275,683 payable over 33 years, initially on a Discounted rate for 3 years at 3.04% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 30 years, would require 36 monthly payments of £1,103.66 and 360 monthly payments of £1,341.38.

The total amount payable would be £499 made up of the loan amount plus interest (£) and a redemption fee of £39.4.

The overall cost for comparison is 246.0% APRC representative.

Self Employed Three Year Discount Mortgage

  • Initial rate3.64% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.5% APRC
  • Product periodthree years
  • Deposit required10%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £275,683 payable over 33 years, initially on a Discounted rate for 3 years at 3.64% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 30 years, would require 36 monthly payments of £1,197.05 and 360 monthly payments of £1,349.38.

The total amount payable would be £499 made up of the loan amount plus interest (£) and a redemption fee of £39.5.

The overall cost for comparison is 253.0% APRC representative.

Contractor Three Year Discount Mortgage

  • Initial rate2.64% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.2% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £236,154 payable over 25 years, initially on a Discounted rate for 3 years at 2.64% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 22 years, would require 36 monthly payments of £1,076.58 and 264 monthly payments of £1,303.51.

The total amount payable would be £499 made up of the loan amount plus interest (£) and a redemption fee of £39.2.

The overall cost for comparison is 146.0% APRC representative.

Contractor Three Year Discount Mortgage

  • Initial rate2.94% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.3% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £236,154 payable over 25 years, initially on a Discounted rate for 3 years at 2.94% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 22 years, would require 36 monthly payments of £1,112.96 and 264 monthly payments of £1,308.11.

The total amount payable would be £499 made up of the loan amount plus interest (£) and a redemption fee of £39.3.

The overall cost for comparison is 149.0% APRC representative.

Contractor Three Year Discount Mortgage

  • Initial rate3.54% Variable
  • then changing to our SVR minus 1.00%4.64%
  • The overall cost for comparison is4.5% APRC
  • Product periodthree years
  • Deposit required10%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £236,154 payable over 25 years, initially on a Discounted rate for 3 years at 3.54% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.64% (variable) for the remaining 22 years, would require 36 monthly payments of £1,187.79 and 264 monthly payments of £1,316.96.

The total amount payable would be £499 made up of the loan amount plus interest (£) and a redemption fee of £39.5.

The overall cost for comparison is 154.0% APRC representative.

Self Build Mortgage [Interest Only]

  • Initial rate4.20% Variable
  • The overall cost for comparison is5.0% APRC
  •  
  • Product period24 months
  • Max Gross Development Value75%
  • Arrangement fee1.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £312,398 payable over 2 years on a 1.44% discount off our current Standard Variable Rate Mortgage of 5.64% to give a current rate payable of 4.20% (variable) would require 1,019.64 monthly payments of £0.

The total amount payable would be £135 made up of the loan amount plus interest (£), an application fee of £80 and a redemption fee of £5.

The overall cost for comparison is 0.0% 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 1 working day.