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Variable Mortgages

Discover the versatility of variable-rate mortgages. Variable-rate mortgages offer borrowers flexibility in adapting to changing market conditions, with interest rates that may fluctuate over time. Explore our comprehensive resources and expert guidance to navigate the dynamic landscape of variable-rate mortgages and help find the perfect fit for your financial goals.

How to make Variable Rate Mortgages Work for You

Establish an Emergency Fund

It's crucial to set aside money in an emergency fund to prepare for potential increases in your mortgage payments. This fund acts as a financial buffer, providing peace of mind that you can handle unexpected rate hikes without jeopardising your financial stability.

Monitor Interest Rates

It's essential to stay informed about economic conditions and interest rate trends. Regularly follow financial news, subscribe to updates from reputable sources, and keep an eye on key economic indicators such as inflation, employment rates, and central bank policies.

Consider Overpayments

Making overpayments on your variable rate mortgage is strategic, reducing the principal balance faster and lowering total interest over the loan's life. By paying extra, you decrease your outstanding balance and create a financial cushion against rate increases.

Your home may be repossessed if you do not keep up repayments on your mortgage

The Financial Conduct Authority does not regulate some forms of Buy to Lets.

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Benefits of Variable Rate Mortgages

Discover the financial benefits of variable rate mortgages and take control of your homeownership journey.

Lower Initial Interest Rates

Variable-rate mortgages often start with lower initial interest rates compared to fixed-rate mortgages.

Flexibility

Variable-rate mortgages provide borrowers with flexibility, as the interest rate and monthly payments can adjust over time in response to changes in market conditions.

Protection Against Rate Increases

While variable-rate mortgages are subject to interest rate fluctuations, many come with caps or limits on how much the interest rate can increase at each adjustment period or over the life of the loan.

Option to Switch to Fixed-Rate Mortgage

Borrowers with variable-rate mortgages have the option to switch to a fixed-rate mortgage at any time, providing stability and predictability in monthly payments if desired.

Potential Drawbacks

Explore the factors to consider when choosing a variable rate mortgage and make informed decisions about your financial future.

Interest Rate Uncertainty

Variable-rate mortgages are subject to interest rate fluctuations, which can result in uncertainty and volatility in monthly mortgage payments.

Risk of Higher Payments

If interest rates increase significantly over the life of the loan, borrowers with variable-rate mortgages may face higher monthly mortgage payments compared to those with fixed-rate mortgages.

Higher Long-Term Interest Costs

While variable-rate mortgages may offer lower initial interest rates compared to fixed-rate mortgages, borrowers may end up paying more in interest over the life of the loan if interest rates rise significantly.

Budgeting Challenges

Variable-rate mortgages can make budgeting more challenging, as borrowers may need to account for potential fluctuations in their monthly mortgage payments.

The tools to make mortgages simple!

Affordability Calculator

Quickly estimate how much you can borrow. Just enter your loan details to see your borrowing capacity.

Repayment Calculator

Calculate your loan repayments easily. Enter your loan details to see your monthly payment amount and schedule.

Overpayment Calculator

Find out how overpayments can reduce your loan term and interest. Enter your loan details to see the impact of extra payments.

Stamp Duty Calculator

Calculate your stamp duty quickly. Enter your property details to see the stamp duty amount you'll need to pay.

These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you.

All mortgages are subject to the applicant(s) meeting the eligibility criteria of the specific lender.

You should make an appointment to receive mortgage advice which will based on your needs and circumstances'.

Your home may be repossessed if you do not keep up repayments on your mortgage

The Financial Conduct Authority does not regulate some forms of Buy to Lets.

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See What Our Customers Say

We take pride in our customer service and are committed to providing you with the best possible experience. Here's what some of our customers have to say about us.

Jayesh Unka

Jayesh Unka

4 Weeks old

We recently completed the purchase of our new home and cannot thank Kishore enough for his support throughout the journey. What makes Kishore stand out is his patience, professionalism and commitment to his clients. Our house search took almost two years, and during that time we had several offers that unfortunately fell through. Despite the delays and setbacks, Kishore was always available to help, provide advice and update mortgage options whenever our circumstances changed. He was responsive, knowledgeable and took the time to explain everything clearly, making what can be a stressful process feel much more manageable. Nothing ever seemed too much trouble, and we always felt confident that he had our best interests at heart. Thanks to Kishore’s guidance and persistence, we have finally secured our new home. We would highly recommend him to anyone looking for a mortgage advisor who genuinely cares about his clients and provides excellent service from start to finish. Thank you, Kishore, for all your help and support over the past two years.

Orr Shachar

Orr Shachar

2 Months old

Super professional, friendly and helpful. Helped us securing a mortgage for buying our first house - we started the process knowing nothing about the British housing market and processes and the help and assistance we received along the way was amazing. couldn't ask for more :)

Hitesh Patel

Hitesh Patel

2 Months old

We had an outstanding experience with Kishore at Fairford Financial Services. From start to finish, the level of professionalism, knowledge, and genuine care he showed was truly exceptional. Kishore took the time to understand our situation in detail and guided us through every step of the mortgage process with patience and clarity. What really stood out was his responsiveness and dedication — no question was too small, and he was always available to offer reassurance and expert advice when we needed it most. He went above and beyond to secure the best possible outcome for us, and thanks to his hard work, what could have been a stressful experience felt smooth and well-managed throughout. His attention to detail and commitment to his clients is second to none. My family and I are incredibly grateful for everything Kishore has done for us. We wouldn’t hesitate to recommend him to anyone looking for a reliable, trustworthy, and highly skilled mortgage broker. Thank you again, Kishore — your support has meant so much to us!

Meera Mistry

Meera Mistry

10 Months old

Thank you, quick, fast and we got loads of advice for our first home. Really grateful and explained everything in good time too, especially if your self-employed which can be tricky for first time buyers.

Snr Genfi

Snr Genfi

3 Years old

Kishore Mistry is the absolute best mortgage advisor you can ever have on the market. This man really came through for my family with exceptional professional advice in our property acquisition. He is very attentive to detail and if you listen and work with him, you will end up excited as we are at the moment. I recall the times I had to bother him very late at night and on weekends and he still made time for me offering the best professional advice in securing the mortgage. Kishore, you are indeed a legend and it's been an absolute pleasure doing business with you. I will highly recommend him to any prospective buyer especially first time buyers.

guy derry

guy derry

3 Years old

Kishore was so helpful but importantly he was knowledgeable, real safe pair of hands and he got us the mortgage and he got us over the line with our purchase

Sunil Malhotra

Sunil Malhotra

4 Years old

Kishore Mistry had been ever so helpful. We are truly indebted to him as without you him definitely wouldn’t have got our foot through the door. His immense help through testing times has been our fortune and we count our blessings to have had his utmost support and advice along the way. There have been times where he made us think before taking certain steps which I believe benefited us in the grand scheme of things. Highly recommended.

Dave H

Dave H

4 Years old

I would thoroughly recommend Fairford Financial great personal service, quick response , my family have used for mortgage and life insurance

Sue Wright

Sue Wright

4 Years old

I would thoroughly recommend Fairford to anyone who requires a first time mortgage, re-mortgage and/or insurance policies. I have used Fairford services several times and they have recently also helped 2 other family members with their first property purchase. Kishore is most helpful and supportive throughout the whole process. A trusted financial service - 5 stars!

F Tailor

F Tailor

4 Years old

This is a great service. Very knowledgeable and super fast with responses. I was given a whole host of information which has been so helpful for me buying my first house. The process was very smooth. Thank you so so much!

NILESH JHALLA

NILESH JHALLA

4 Years old

The service I received from Fairford Financial Service was amazing. I can not speak highly of how easy the mortgage process was and the service was 5 star. I will recommend Fairford to all my family and friends and work colleagues. Absolutely great service and support throughout the whole process. This is one of the best companies I have ever used. Highly recommended.

Sunny Dhamii

Sunny Dhamii

4 Years old

Flawless service from start to finish. Kishore Mistry guided us through our mortgage options and saw us through the entire process. From the first time that we spoke with Kishore, he was approachable, understanding, personable and informative. Everything was explained clearly and precisely throughout. We were able to reach out to Kishore at any time and never faced a situation where we were unable to receive a quick response. Although in most instances, communication was initiated by Kishore anyway and we were consistently up to date with any progress on our case, big or small. We faced a couple of challenges with our house move. Firstly with having to withdraw from our originally planned purchase, due to the current homeowners not able to find a suitable onward move many months after accepting our offer. Secondly, with a down valuation on the property that we eventually did end up purchasing. Kishore was reassuring in both scenarios and empathised with our uncertainty and naturally, our disappointment. He guided us through the process of appealing the down valuation that was put forward by our lender. Without saying much more, we have now moved into our new home. Despite the couple of scenarios mentioned above, our house move felt very simple and stress free, due in large part to the service provided by Kishore. His knowledge and experience is second to none.

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