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With a variable rate mortgage the monthly repayment amount is based on the lender’s standard variable rate.


The lender’s standard variable rate is based on the Bank of England’s base rate and will consequently move up and down as the base rate moves up and down. Standard variable rates vary from lender to lender but are typically 2 to 4% higher than the base rate.





  • You are able to change mortgage at any time without being penalised as there are no early repayment charges.
  • You can benefit from a fall in the Bank of England’s base rate that leads to a subsequent fall in your lender’s standard variable rate.





  • The Bank of England base rate can be unpredictable and can increase rapidly, resulting in an increase in your monthly payments.
  • It is less easy to budget as the interest rate can and will vary.
  • A fall in the base rate will not always result in an equivalent fall in the lenders standard variable rate.


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


For mortgages we are paid NO FEE. We will be paid commission by the lender.





At Town & Country Mortgages our priority is always to provide quality advice and service to our customers.
We strive to ask all our customers to provide feedback and below are extracts from questionnaires completed by our customers in 2014.

The Town & Country mortgage advisor was very helpful and explained the points I was unsure of and looked for the best mortgage that suited our circumstances.  I would recommend their services to anyone else looking.

Mr Manuel July 21, 2017