Variable Rate Mortgage
A variable rate mortgage sees borrowers paying the Standard Variable Rate have their mortgage payments increase or decrease as the lender adjusts the mortgage rate in accordance with market conditions.
The variable rate mortgage is ideal when interest rates are low, but it does mean that in times of economic downturn, your variable rate mortgage could end up costing you an arm and a leg! A variable rate mortgage makes it difficult to financially plan ahead, as you cannot foresee what your monthly mortgage repayment costs might be, as the interest rates change. It can be advantageous to take out a variable rate mortgage when interest rates are high, as any upturn in the economy should lead to lower interest rates and lower mortgage payments.
Enquire for your variable rate mortgage
If you would like to invest in a property with a variable rate mortgage, click the enquire now button below and complete the form. Enquiring for a variable rate mortgage only takes a few minutes and there is no obligation whatsoever.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Champion Financial Services is a trading style of Rafik Allana of 16b Second Avenue, Hendon, London. NW4 2RN.
Champion Financial Services is an Appointed Representative of Mortgage Next Network Limited, which is authorised and regulated by the Financial Services Authority in respect of mortgage and insurance mediation activities only. Mortgage Next Network Limited is entered on the FSA register (http://www.fsa.gov.uk) under reference 300866.
We do not charge a fee for any initial quotation. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be 1.5% of the loan amount, this fee will be payable on completion.
The overall cost comparison is 6.8% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.