Variable Rate Mortgages

This literally means a mortgage that is charged at the Lenders standard variable rate. This means that you won't have been provided with any discount so it is unlikely you would have any redemption penalties if you repaid the mortgage.

As the rate you are being charged is variable, the monthly payments can change as lenders change their standard variable rate. The cost of a lenders standard variable rate is mainly governed by the Bank of England's Base Rate.

Concept Mortgages Ltd is an appointed representative of Personal Touch Financial Services Limited which is authorised and regulated by the Financial Services Authority
Concept Mortgages Limited is a Company registered in England no. 6213893