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Welcome to our Variable Rate mortgage products

Variable Rate Mortgages

Enjoy the flexibility of a variable rate mortgage, with products available over a variety of terms to suit you and your individual needs.

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

Enjoy the flexibility of a variable rate mortgage

A variable rate mortgage has a rate which can move either up or down and may be linked to an external rate, such as the Bank of England Base Rate. This means that the interest rate on your mortgage will rise and fall in line with any changes to this rate. While your monthly payments may be lower than those on an equivalent fixed rate product, you should bear in mind that during the mortgage period, your payments could go up as well as down.

Our Mortgage Guide and Skipton Variable Rates page offer a more detailed explanation of different types of variable rate mortgages, including the Base Rate Tracker, the Skipton Variable Rate, the Mortgage Variable Rate and Discount Variable Rates.

Variable rates are set for a number of years and usually run to a fixed end date, which will typically be 2, 3 or 5 years from the date you take out your mortgage. Below are our options for variable rate mortgages, which also feature a range of standard, low or no application and completion fees:

Inital rate payable 1.78%
RMVR currently 5.49% variable with a discount of 3.71% for 2 years from completion
Changing to 5.49%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 5.2% APR
Early Repayment Charges 1% for 2 years
Max LTV 60%
Mortgage fees Application: £195
Completion: £800
Find out more
Inital rate payable 1.98%
RMVR currently 5.49% variable with a discount of 3.51% for 2 years from completion
Changing to 5.49%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 5.2% APR
Early Repayment Charges 1% for 2 years
Max LTV 75%
Mortgage fees Application: £195
Completion: £800
Find out more
Inital rate payable 2.48%
RMVR currently 5.49% variable with a discount of 3.01% for 2 years from completion
Changing to 5.49%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 5.2% APR
Early Repayment Charges 1% for 2 years
Max LTV 75%
Mortgage fees Application: No fee
Completion: No fee
Find out more
Inital rate payable 2.49%
RMVR currently 5.49% variable with a discount of 3.00% for 2 years from completion
Changing to 5.49%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 5.3% APR
Early Repayment Charges 1% for 2 years
Max LTV 85%
Mortgage fees Application: £195
Completion: £800
Find out more
Inital rate payable 2.79%
RMVR currently 5.49% variable with a discount of 2.70% for 2 years from completion
Changing to 5.49%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 5.3% APR
Early Repayment Charges 1% for 2 years
Max LTV 85%
Mortgage fees Application: No fee
Completion: No fee
Find out more
Inital rate payable 3.89%
RMVR currently 5.49% variable with a discount of 1.60% for 2 years from completion
Changing to 5.49%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 5.5% APR
Early Repayment Charges 1% for 2 years
Max LTV 90%
Mortgage fees Application: £195
Completion: £300
Find out more
Product name Inital rate payable Changing to The overall cost for comparison is Early Repayment Charges Max LTV Mortgage fees  
2 Year Discount Mortgage Standard fee 1.78%
RMVR currently 5.49% variable with a discount of 3.71% for 2 years from completion
5.49%
our current RMVR a variable rate for the remainder of the term
5.2% APR 1% for 2 years 60% Application: £195
Completion: £800
Find out more
2 Year Discount Mortgage Standard fee 1.98%
RMVR currently 5.49% variable with a discount of 3.51% for 2 years from completion
5.49%
our current RMVR a variable rate for the remainder of the term
5.2% APR 1% for 2 years 75% Application: £195
Completion: £800
Find out more
2 Year Discount Mortgage No fee 2.48%
RMVR currently 5.49% variable with a discount of 3.01% for 2 years from completion
5.49%
our current RMVR a variable rate for the remainder of the term
5.2% APR 1% for 2 years 75% Application: No fee
Completion: No fee
Find out more
2 Year Discount Mortgage Standard fee 2.49%
RMVR currently 5.49% variable with a discount of 3.00% for 2 years from completion
5.49%
our current RMVR a variable rate for the remainder of the term
5.3% APR 1% for 2 years 85% Application: £195
Completion: £800
Find out more
2 Year Discount Mortgage No fee 2.79%
RMVR currently 5.49% variable with a discount of 2.70% for 2 years from completion
5.49%
our current RMVR a variable rate for the remainder of the term
5.3% APR 1% for 2 years 85% Application: No fee
Completion: No fee
Find out more
2 Year Discount Mortgage Low fee 3.89%
RMVR currently 5.49% variable with a discount of 1.60% for 2 years from completion
5.49%
our current RMVR a variable rate for the remainder of the term
5.5% APR 1% for 2 years 90% Application: £195
Completion: £300
Find out more

Once the fixed, discount or tracker period of the mortgage ends it will change to the Residential Mortgage Variable Rate (RMVR) or if you have a Buy to Let Mortgage, the Buy to Let Variable Rate (BMVR), which is a different interest rate to the Society's Residential Standard Variable Rate (RSVR), although both are set by the Society. For further details see our Skipton Variable Rates page.

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