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Term Variable Rate Mortgages

Simple, straightforward lending. Variable interest rates follow changes to market rates. 

  • 5/5 (2 reviews)

Average review for all our Term Variable Rate Mortgages products

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Variable rate mortgages up to 85% of the property value. Simple, straightforward lending from Aldermore.

What is a Term Variable Rate Mortgage?

With a term variable rate mortgage the interest rate payable is linked to the Aldermore Managed Rate* for the term of the mortgage. 

*The Aldermore Managed Rate is the variable rate set by Aldermore.

Term Variable Rate Mortgages

Term Variable Rate Mortgages
Interest Rate
Reversion Rate
Overall cost for comparison APRC
Maximum LTV
Product Fee
Interest Rate
2.88%
Reversion Rate
N/A
Overall cost for comparison APRC
3.0%
Maximum LTV
70%
Product Fee
£999
Interest Rate
2.88%
Reversion Rate
N/A
Overall cost for comparison APRC
3.0%
Maximum LTV
75%
Product Fee
£999
Interest Rate
3.18%
Reversion Rate
N/A
Overall cost for comparison APRC
3.3%
Maximum LTV
80%
Product Fee
£999

Representative example for our Term Variable Rate range

A mortgage of £155,000 payable over 25 years on our variable rate for the mortgage term of 25 years at our current rate of 3.38% would require 300 monthly payments of £766.03. The total amount payable would be £230,649.00 made up of the loan amount plus interest (£74,809.00) and a valuation fee (£480) and estimated legal fees of (£360).

The overall cost for comparison is 3.5% APRC representative.

Latest Rating and Reviews

Term Variable Rate Mortgage (75% LTV)

prefer fix rate

At the moment i am on variable rate, i prefer to have fix rate if i can.

23rd May 2014
Term Variable Rate Mortgage (75% LTV)

Very impressed

I got everything I wanted, very quickly. No hassly

22nd May 2014 Roysses

Don't want a term variable rate?

Personal Mortgage

Fixed Rate Mortgages

  • 4.3/5 (15 reviews)

Rest easy with a stable interest rate. Fixed rate mortgages take fluctuating interest rates off your hands for smoother financial planning. 

From 2.48%


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE