Standard variable rate - where your repayment amount only changes if there is a significant change in general interest rates.
Base rate tracker - where your monthly repayment changes every time there is a change to either the base rate or LIBOR (London Interbank Offered Rate).
Whichever type you choose, a variable rate is likely to appeal if you feel that interest rates will remain the same or fall over the period of your loan.Help is at hand
Don't worry if you are unsure which type of loan is best for you. Our qualified team of underwriters will be happy to explain the differences and discuss which option is best for you.
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