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Variable BTL Rates

Competitive rates but be prepared for change.

Last updated 21/09/2017

Lender Initial Rate Until Max LTV Arrangement Fee Redemption Penalty Rental Cover
1.39% 2 year tracker 65% £1,995 2%/1% 145% @ 5.5% QUOTE
1.49% 2 year tracker 60% £1,999 3%/2% 145% @ 5.5% QUOTE
1.54% 2 year tracker 60% £995 – £500 cash back 1% 145% @ 5.5% QUOTE
1.89% 2 year tracker 75% £1,995 – £250 cash back 3%/1% 145% @ 5.5% QUOTE
1.94% 2 year tracker 75% £1,797 0% 145% @ 5.5% QUOTE
1.99% 2 year tracker 75% £995 – £500 cash back 1% 145% @ 5.5% QUOTE
2.25% 2 year discounted 75% £999 0% 145% @ 5.5% QUOTE
2.29% Lifetime variable 65% £1,999 – free valuation 0% 140% @ 5.5% QUOTE
3.28% Lifetime variable 75% 2% 2%/2%/2% 145% @ 5.5% QUOTE
3.49% Lifetime tracker 75% 1.75% 0% 140% @ 5.5% QUOTE

Subject to change

Unlike a fixed rate mortgage, the rate you pay on a variable rate mortgage is subject to change. You must be prepared for this from the outset and be confident that you can make repayments should the rate increase. There are a few different types of variable rate mortgage.

Tracker mortgages follow the Bank of England base rate. The rate you pay will be an agreed percentage on top of this base rate. Your rate could go up or down during your tie-in period depending on changes in the economy.

A Standard Variable Rate (SVR/reversion rate) is the lender’s default rate. This is not linked to the Bank of England’s base rate and can be changed by the lender at any time. Borrowers should be aware of this lack of security if they find their mortgage reverting to a SVR.


Discounted rates will give you an agreed percentage off a lender’s SVR over a set period of time. Large discounts may sound good, but are not always the best deal. It’s important to check the actual repayments that you will need to make. In addition, remember that lenders may choose to raise or lower SVRs at their discretion.

Our consultants can advise you on the different variable rate options available to suit your circumstances. Above are just a few of the current rates available from across the market.

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