Mortgage Choices

31A Church Street
Keighley
BD21 5HT

Variable Rate Mortgages

Contact us today about this type of Mortgage

Mortgage and Insurance Choices have been providing independent mortgage and protection advice since 1989.

Because we are not tied to the products of any one Lender you can be sure that we will find the most suitable mortgage for you. Similarily when sourcing for the most suitable protection insurances we have the “whole of market”to choose from.

About this type of Mortgage

The advantages and disadvantages of variable rate mortgages

A Variable Rate Mortgage offers you a mortgage at the lender’s basic mortgage interest rate, commonly known as the Standard Variable Rate (SVR), which can fluctuate with interest rate changes made by the Bank of England.

Plus Points:

Usually there are no penalties for cancellation and for transferring to another mortgage product or to another lender (known as redemption penalty and lock-in periods), giving you the flexibility to change your mortgage type or move to a different lender.

Points to Watch:

Interest rates can go up as well as down. When it rises sharply, your interest payment instalments may increase substantially.

Mortgage Types Offered

Other Tools & Resources

Fixed Rate Mortgages

Fixed Rate Mortgage offers you a mortgage with an interest rate that is set for a period of time. The rate then reverts to the lender’s basic mortgage interest rate, commonly known as the Standard Variable Rate (SVR).

Tracker Rate Mortgages

A Tracker Rate Mortgage offers you a Variable Rate Mortgage with an interest rate that rises and falls in line with a specific benchmark, usually the Bank of England Base Rate.

Variable Rate Mortgages

A Variable Rate Mortgage offers you a mortgage at the lender’s basic mortgage interest rate, commonly known as the Standard Variable Rate (SVR), which can fluctuate with interest rate changes made by the Bank of England.

Capped Rate Mortgages

A Capped Rate Mortgage offers you an interest rate with a maximum rate for a set period of time. This means that during the capped period, your interest instalments will not rise beyond the capped amount even if interest rates increase sharply.

Discount Mortgages

A Discount Mortgage offers you an interest rate set at an amount (discounted) below the lender’s standard variable rate. Normal terms are between one and five years.

Commercial Mortgages

Please contact us for more info on Commercial Mortgages

Contact Mortgage Choices Keighley

Our normal opening hours are 10.00am to 5.15pm Monday to Friday and 10.00am to 4.00pm on Saturday. If you are unable to take time from work to make a face to face appointment we can, by appointment remain open until 8.00pm..

07375 056625

31A Church Street, Keighley, BD21 5HT

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