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Variable rate mortgages

Submitted by Mortgage Broker on Tue, 2006-08-01 13:30.

Variable rate mortgages are the most common.

Mortgage providers set a standard interest rate based on the base rate set by the Bank of England. The variable rate is usually around 1.75% above the base rate.

Mortgage providers often fix you into the first few years of your agreement (one to three years) by charging penalties for early settlement during that time.

Interest rates could hit 4%

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Take your pick of lower mortgage deals

In the wake of the Bank of England's decision to  cut the base rate, a host of providers have come out to say they're cutting their SVR (standard

The benefits of tracker mortgages being wiped out

Lenders hoping to get the full benefit of the base rate drop are being held back by lenders who increase the cost of their tracker mortgages and other

Nasty variable rate mortgages to stay clear of

There are a few variable rate mortgages creeping onto the market that you'll want to steer clear of.

Last few days to snap up HSBC discount rate mortgage deal

If you're in the market for a discount rate mortgage then you might want to consider the HSBC offer that is for a limited

Fixed rate deals the best of a bad bunch

With the housing market slowing rapidly, fixed rate mortgages remain the most popular choice for consumers making moves on the property ladder.

New variable rates from Alliance and Leicester

A new set of rates on Alliance and Leicester variable rate mortgages have been announced as more people consider taking a gamble on interest rates.

Mortgage switching more common

People are switching their mortgage more than ever in the 21st century according to figures from the Ideal Home Show.

The average British person will live in 16 different homes over their lifetime, increasing the need for varied mortgage agreements.

Woolwich mortgages most popular

Figures from Moneyextra have shown that the Woolwich have overtaken Nationwide as the UK's most popular mortgage provider.

According to research from the group, Woolwich mortgages have proved to be the most popular package among consumers in the first month of 2007.

Mortgage first from Woolwich

Woolwich have released details of a new and innovative mortgage that has the optional addition of a protective rate cap.

The aptly titled, 'Track and Cap' deal will be available at 0.23 per cent above the base rate and can be capped at 5.99 per cent.

City Mortgage launched by Woolwich

Mortgage providers Woolwich have released a new 'City Mortgage' deal to suit the demands of workers expecting a record bonus.

The new Woolwich City Mortgage 3 offers a rate that is 0.16 per cent below the base rate. After the first two years of the agreement, this reverts to a rate of 0.49 per cent above the base rate and lasts until the full term of the loan is served.

Interest consolation for variable rate mortgage consumers

The Consumer Prices Index has predicted that interest rates may not rise again for a while, which will be good news for those with variable rate mortgages.

It was feared that rates may once again increase in the wake of rising house prices, but the group believe it may not happen just yet.

Variable rate mortgages set to be stung by interest hike

Homeowners in the UK who have variable rate mortgages are set to be stung badly by the unexpected hike in the base rate from the Bank of England.

Whilst fixed rate mortgage owners will remain unaffected, many financial analysts predict that tracker mortgage customers are highly likely to see their rates increase by 0.25 per cent.

Nationwide accused of abandoning equal mortgage rates pledge

The Nationwide Building Society has been accused of ditching their pledge to offer the same mortgages deals to existing customers as they do to new ones.