01244 950 304

Variable Rate Mortgages

Use the comparison calculators below
or speak to one of our advisers for expert advice

01244 950 304

Start your quote

What is a variable rate mortgage?

There are different types of variable mortgage available, including Standard Variable Rate, Discounted and Tracker. 

A standard variable rate mortgage (also known as SVR) is a mortgage on the lender's default rate of interest, meaning that no deals or discounts are attached.

Most borrowers will find themselves on this type of mortgage when their fixed-rate deal or introductory period has come to an end. 

It can be risky to stay on a SVR, as they can be lowered or raised at any time.  The rates are based upon the Bank of England's base rate, however are actually set by the lender.  Even if the base rate remains the same, SVR rates can be changed at the lender's discretion.

Discounted Rate Mortgage

A discounted mortgage offers a rate at a set percentage below the SVR.  If you are offered a discounted rate of 1% and the SVR is currently 5%, you will pay 4% either for an introductory period or for the term of the mortgage.

Tracker Mortgage

A Tracker Mortgage tracks the Bank of England base rate and remains at a set margin above or below the current rate.   This can be offered for a set introductory period or for the life of the mortgage.

Remortgaging

Remortgaging your home to get a batter rate? Use our remortgage comparison tool to find a competitive mortgage.

Compare

First Time Buyer

Buying your first home? We can help you to find a low rate mortgage deal that will give you a start on the property ladder.

Compare

Buy to Let

Buying a property to let out to tenants? Use our comparison tables to find a low rate mortgage deal to suit you.

Compare

Useful tools and calculators

Stamp duty calculator

Check how much stamp duty you will need to pay

Borrow calculator

Estimate how much you can borrow based on your income. If single, enter 0 in second persons income

LTV calculator

Calculate the loan to value that you need

Free credit report

We have teamed up with Noddle, who will provide you with a free credit report for life.

Get your report

How can we help you?

SoSmart Money are specialists when it comes to mortgage and insurance advice. Our trained expert advisers have access to the UK’s leading lenders and using their knowledge and skills will place you with the most suitable lender and product for your needs.

Speak to one of our experts for mortgage advice, life insurance cover, to protect your income, insurance your home or contents and private medical cover.

trust pilot

"Matthew at So Smart found me the best deal for my first Mortgage, he was extremely helpful! I would highly recommend this company!"

"I've been looking to switch mortgages recently to secure a better rate and the guys at So Smart Money helped me do just that."

"My mortgage enquiry was dealt with swiftly and professionally. I would highly recommend So Smart Money to others."

"I've used sosmartmoney a couple of times now, I checked my old mortgage with them and it encouraged me to get a better deal."

awards

Winner of AI Finance awards 2015 for:
Best personal finance comparison site &
Best online price comparison platform

Our trusted mortgage brands

view more
bath_building_society.jpg HSB.gif VBS.gif CTS.gif WBB.gif ipswich_building_society.jpg YBS.gif
WBB.gif BNW.gif RBS.gif BHX.gif BLF.gif HSB.gif CLY.gif BLH.gif SBS.gif tesco.jpg market_harborough_building_society.jpg BMO.gif BCH.gif BBS.gif BME.gif BSA.gif TSB.gif FID.gif TBS.gif LEE.gif BFU.gif VBS.gif BDA.gif BPR.gif CTE.gif ULS.gif NBS.gif TIP.gif CAN.gif chorley_building_society.jpg BHI.gif BNT.gif FAM.gif YBS.gif BWO.gif YOR.gif scottish_building_society.jpg clydesdale_bank.jpg CAM.gif CTS.gif BBV.gif POS.gif bath_building_society.jpg CNW.gif NAP.gif HEC.gif ipswich_building_society.jpg

How it works

step 1 step 2 step 3

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

FAQs
  • How do SoSmart Money make their money?
  • Which products can I compare with SoSmart Money?
  • Who are SoSmart Money?
  • What lenders do you compare?
  • Will I be contacted by other companies?

latest news View All News

So you have adverse credit

Don't worry we can still help, simply follow the steps below

1

First go to: noddle.co.uk and get a copy of your credit report (don't worry the service is free for life)

get my report
2

Then get in touch with us and let us know your score, good or bad!

Call 01244 456 570

or

Request a call
3

We'll then search for a lender who will be suitable for you.

Using your credit score allows us to apply for products you're more likely to be accepted for.

Sign up to our newsletter