Compare variable rate mortgages

Compare variable rate mortgages, including tracker and discount deals. The interest rates on these mortgages can rise and fall, and some track changes in the Bank of England base rate.

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705 results found, sorted by affiliated products by lowest initial rate. How we order our comparisons. Commission earned affects the table's sort order.
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Progressive Building Society 2 year discount for properties in Northern Ireland
Maximum LTV
60%
Initial rate
0.51% for 2 years (3.84% discount on SVR)
Subsequent rate (SVR)
4.35% variable
Overall cost for comparison
3.17% APRC
Available in branch only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- 1.00% of amount paid, in the second year

Other fees may apply.

Eligibility
Available Direct
Available in Northern Ireland
First Time Buyers
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Progressive Building Society 2 year discount remortgage for properties in Northern Ireland
Maximum LTV
75%
Initial rate
0.51% for 2 years (3.84% discount on SVR)
Subsequent rate (SVR)
4.35% variable
Overall cost for comparison
3.69% APRC
Available in branch only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- 1.00% of amount paid, in the second year

Other fees may apply.

Eligibility
Available Direct
Available in Northern Ireland
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Acceptedfalse
Progressive Building Society 2 year discount for properties in Northern Ireland
Maximum LTV
75%
Initial rate
0.79% for 2 years (3.56% discount on SVR)
Subsequent rate (SVR)
4.35% variable
Overall cost for comparison
3.26% APRC
Available in branch only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- 1.00% of amount paid, in the second year

Other fees may apply.

Eligibility
Available Direct
Available in Northern Ireland
First Time Buyers
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Progressive Building Society 2 year discount remortgage for properties in Northern Ireland
Maximum LTV
75%
Initial rate
0.79% for 2 years (3.56% discount on SVR)
Subsequent rate (SVR)
4.35% variable
Overall cost for comparison
3.74% APRC
Available in branch only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- 1.00% of amount paid, in the second year

Other fees may apply.

Eligibility
Available Direct
Available in Northern Ireland
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Acceptedfalse
Barclays 2 year BBR tracker
Maximum LTV
60%
Initial rate
0.85% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% base rate tracker
Overall cost for comparison
3.2% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
First Time Buyers
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Barclays 2 year BBR tracker cashback remortgage
Maximum LTV
60%
Initial rate
0.85% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% base rate tracker
Overall cost for comparison
3.2% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Barclays 2 year BBR tracker for existing borrowers
Maximum LTV
60%
Initial rate
0.85% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% base rate tracker
Overall cost for comparison
3.2% APRC
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Barclays 2 year BBR tracker remortgage
Maximum LTV
60%
Initial rate
0.85% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% base rate tracker
Overall cost for comparison
3.2% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
HSBC 2 year BBR tracker for existing borrowers
Maximum LTV
60%
Initial rate
0.94% base rate tracker for 2 years
Subsequent rate (SVR)
3.54% variable
Overall cost for comparison
3.2% APRC
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£999 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end80 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Barclays 2 year BBR tracker
Maximum LTV
75%
Initial rate
0.95% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% base rate tracker
Overall cost for comparison
3.2% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
First Time Buyers
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Barclays 2 year BBR tracker cashback remortgage
Maximum LTV
75%
Initial rate
0.95% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% base rate tracker
Overall cost for comparison
3.2% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Barclays 2 year BBR tracker for existing borrowers
Maximum LTV
75%
Initial rate
0.95% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% base rate tracker
Overall cost for comparison
3.2% APRC
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Barclays 2 year BBR tracker remortgage
Maximum LTV
75%
Initial rate
0.95% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% base rate tracker
Overall cost for comparison
3.2% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Nationwide 2 year BBR tracker
Maximum LTV
60%
Initial rate
0.97% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,499 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 2 year BBR tracker cashback remortgage
Maximum LTV
60%
Initial rate
0.97% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,499 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Nationwide 2 year BBR tracker for existing borrowers
Maximum LTV
60%
Initial rate
0.97% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.1% APRC
Available to existing borrowers moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,499 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 2 year BBR tracker for existing borrowers
Maximum LTV
60%
Initial rate
0.97% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.1% APRC
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 2 year BBR tracker remortgage
Maximum LTV
60%
Initial rate
0.97% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,499 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
HSBC 2 year BBR tracker remortgage
Maximum LTV
60%
Initial rate
0.99% base rate tracker for 2 years
Subsequent rate (SVR)
3.54% variable
Overall cost for comparison
3.2% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£999 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end80 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Hinckley & Rugby Building Society 2 year discount
Maximum LTV
65%
Initial rate
0.99% for 2 years (4.9% discount on SVR)
Subsequent rate (SVR)
5.89% variable
Overall cost for comparison
4.5% APRC
The initial rate will be followed by a rate of 4.24% for 3 years (1.65% discount on SVR).
Available via brokers only.
More information
Application feeNo fee
Arrangement fee£199 paid upfront
Booking feeNo fee
Completion fee£500 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first two years

Other fees may apply.

Eligibility
Available in England
Available in Wales
Broker Only
First Time Buyers
Max age at application80 years
Max age at term end85 years
Minimum Age18 years
Minimum Income£10,000
Permanent UK Resident
Self Employed Accepted
Hinckley & Rugby Building Society 2 year discount cashback remortgage
Maximum LTV
65%
Initial rate
0.99% for 2 years (4.9% discount on SVR)
Subsequent rate (SVR)
5.89% variable
Overall cost for comparison
4.5% APRC
The initial rate will be followed by a rate of 4.24% for 3 years (1.65% discount on SVR).
Available via brokers only.
More information
Application feeNo fee
Arrangement fee£199 paid upfront
Booking feeNo fee
Completion fee£500 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first two years

Other fees may apply.

Eligibility
Available in England
Available in Wales
Broker Only
Max age at application80 years
Max age at term end85 years
Minimum Age18 years
Minimum Income£10,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Leek United 2 year discount for existing borrowers
Maximum LTV
75%
Initial rate
0.99% for 2 years (4.2% discount on SVR)
Subsequent rate (SVR)
5.19% variable
Overall cost for comparison
4.5% APRC
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.00% of the outstanding balance, in the first year

- 0.50% of the outstanding balance, in the second year

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Wales
Existing Borrowers Only
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 2 year BBR tracker
Maximum LTV
60%
Initial rate
0.99% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 2 year BBR tracker cashback remortgage
Maximum LTV
60%
Initial rate
0.99% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Nationwide 2 year BBR tracker for existing borrowers
Maximum LTV
60%
Initial rate
0.99% base rate tracker for 2 years
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
3.2% APRC
Available to existing borrowers moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Overall representative example

Based on borrowing£170,000 over 25 yearsThe overall cost of comparison3.66% APRC representative
Initial rate2.08% fixed for 2 years (24 instalments of £710.99pm)Subsequent rate (SVR)3.88% variable for the remaining 23 years (276 instalments of £876.40pm)
Lender fee£550Total amount payable£259,498.79

How to get the best variable rate mortgage

There are 2 main types of home loan on the market known as fixed rate and variable rate mortgages. You can get the best variable-rate mortgage by finding the lowest interest rate. However, unlike a fixed rate deal, the rate you get can vary during the term of the mortgage deal.

There are 3 types of variable rate mortgage

1. Tracker mortgages

Tracker mortgages add a fixed interest rate to an economic indicator such as the Bank of England base rate. As the base rate goes up and down, it will be followed or 'tracked' by your mortgage rate. Tracker mortgage deals usually last for 2 to 5 years.

2. Standard variable rate mortgage (SVR mortgages)

Each lender will set its own mortgage standard variable rate (SVR) which is typically between 2% and 5% above the base rate. These standard variable rates roughly track the base rate and are used by lenders as the standard mortgage rates for their SVR mortgages.

This type of mortgage can be very expensive and, importantly, this is the rate most borrowers will be put on automatically, when their mortgage deal ends.

3. Discount variable rate mortgages

Discount variable mortgages offer a 'discount' off the lender's current standard variable rate for a set period of usually between 2 and 5 years.

The mortgage variable rate for all of these types of mortgage is therefore able to change during the course of the mortgage term. Speak to a mortgage adviser if you are unsure what mortgage type is right for you.

Variable mortgage rates or fixed rates?

A variable rate deal can change your repayments during its term, potentially causing them to go up or down.

A fixed rate deal will keep your repayments the same for the term you sign up to.

If you would rather know exactly how much your mortgage repayments will be, then a variable interest rate mortgage may not be the best option for you.

You can compare fixed rate mortgages if you want to keep your repayments the same for a set term.

Here is more information on the different mortgage types

Can you get any current variable mortgage deals?

You can only get a current variable mortgage rate deal that matches your loan to value ratio (LTV). This is the amount you owe on your mortgage divided by the value of your property.

For example, if your mortgage is £150,000, and your property is worth £200,000, your LTV is 75%. This means you will need to look for deals with a maximum LTV of 75%.

How do I get the best variable mortgage rates?

The best variable rate mortgages tend to be offered to borrowers with an LTV of 60% or less. This is because they own a larger proportion of the property, and so pose a lower risk to a lender.

If you are a first time buyer, by offering a larger deposit you could find you can drop to a lower LTV band, which can result in cheaper variable mortgage rates.

If you are remortgaging, your property could have increased in value, which could mean you now fall into a lower LTV band. You can check how much equity you have in your home by getting it professionally valued.

What is the current variable mortgage rate?

You can find the current best variable mortgage rate deals in our table above.

Variable rate mortgage calculator

You can find out how much you can borrow by using our mortgage calculator.

Variable rate mortgage FAQs

What happens when my variable rate mortgage deal ends?

Can I pay off my variable rate mortgage before the term ends?

Will applying for a mortgage affect my credit rating?

Do I need a good credit record to apply?

About our mortgage comparison

Who do we include in this comparison?

How do we make money from our comparison?

Last updated: 11 October, 2021

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