- Single residential investment units
- Multi-unit Freeholds
What is LIBOR?
LIBOR is the average interbank interest rate at which a selection of banks on the London money market are prepared to lend to one another.
How does LIBOR link to my mortgage?
If you have a LIBOR linked mortgage this means the variable interest rate on your mortgage is directly linked to 3 month LIBOR, which we review and were applicable, re-set on 15th February, May, August and November.
Any change to 3 month LIBOR will result in a corresponding change to the variable interest rate on your mortgage.