Variable Rate Mortgage

The Deal:


  • Flexibility within the mortgage market
  • The option to move from lender to lender to take advantage of more competitive rates.
  • Avoiding any early redemption penalties, with the ability to benefit from rate cuts as they occur.


  • Generally the rate will not be competitive in relation to the market
  • Exposure to interest rate rises.


A variable rate mortgage is the most suitable option in a number of circumstances the most common being those identified below:

  • Individuals borrowing money over a very short term
  • Anticipation of repaying the loan early without incurring penalties on all or part of the loan.