All our variable rate mortgages

Variable Rate Mortgages

At the West Brom we have a wide range of variable rate mortgages available. Choose between 2 to 5 year variable rate mortgages, with a variety of competitive rates.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE.
 
  • "The overall level of service provided was excellent. I would recommend the West Brom to family and friends."

    Mortgage Completion Survey, August 2017



Initial deal period ?

Initial Deal Period

This filter allows you select the initial term of the mortgage, for example the number of years you wish to fix your rate with fixed rate mortgages

Fees ?

Completion Fee

This filter allows you to select if a Completion Fee applies to the mortgage.

Loan to Value (LTV) ?

LTV - Loan to Value

The LTV or Loan to Value band allows you to filter products which may better meet your mortgage loan requirements

Repayments ?

Repayments

This filter allows you to select how you wish to repay your mortgage

We've found 0 mortgages that may be available for you:

Variable Rate Mortgages

Variable Rate Mortgages Initial Rate Until end date Followed by Overall cost for comparison Max LTV Booking Fee Completion Fee Early Repayment Charge Initial Estimated Monthly Payments Product information
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Initial Rate

This shows the initial rate of the mortgage taking into account any fixed or discounted rates which apply at the start of the mortgage.

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Until end date

This is the date that your initial rate will end.

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Followed by

Most products revert to a rate linked to the Bank of England Base Rate after the initial start rate, except those that follow the Society's standard variable base rate. For more details on a specific products reversion rate, please click through to the individual product page.

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Overall Cost for Comparision (APRC)

This refers to Annual Percentage Rate of Charge and is a means to compare the cost of credit. The APRC takes into account all fees (up front, on going, and end costs) involved in taking out a mortgage and is designed so that customers can easily compare different deals from different lenders.

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Max LTV (Loan to Value)

This is the size of the mortgage required in comparison to the value of the property. The LTV is shown as a percentage. For example, if you wanted to borrow £85,000 on a house values at £100,000 this would mean a LTV of 85%

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Booking Fee

The booking fee is the charge that a bank or building society may put on a product to secure the rate of the mortgage.

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Completion Fee

A one off fee that guarantees we can reserve funds for you in your chosen product. This can usually be added to your loan rather than paid in one go.

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Early Repayment Charge

A charge made for repaying your mortgage early, particularly during a fixed or discount rate period.

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Initial Estimated Monthly Payments

This is an estimated initial monthly repayment amount, based on a capital repayment.

2yr 2 Year Discounted Variable Mortgage 65% LTV 1.69% variable 30/11/2020 4.49% variable 4.1% APRC 65% £0 £999 No More details
2yr 2 Year Discounted Variable Mortgage 80% LTV 1.84% variable 30/11/2020 4.49% variable 4.1% APRC 80% £0 £499 No More details
499 cashback
2yr 2 Year Discounted Variable Mortgage 80% LTV 1.79% variable 30/11/2020 4.49% variable 4.1% APRC 80% £0 £499 No More details
2yr 2 Year Discounted Variable Mortgage 90% LTV 2.29% variable 30/11/2020 4.49% variable 4.2% APRC 90% £0 £499 No More details
2yr 2 Year Discounted Variable Mortgage 3.49% variable 31/10/2020 4.49% variable 4.4% APRC 90% £0 £99 No More details
2yr 2 Year Discounted Variable Mortgage 90% LTV 2.29% variable 30/11/2020 4.49% variable 4.2% APRC 90% £0 £499 No More details

Representative example:

A mortgage of £155,000 payable over 25 years initially on a variable rate for two years at 1.79% and then on our current standard variable rate of 4.49% (variable) for the remaining 23 years would require an initial payment of £869.28, 23 monthly payments of £641.24 and 276 monthly payments of £843.35.

The total amount payable would be £249,011.40 made up of the loan amount plus interest (£93,372.91), a completion fee (£499), a telegraphic transfer fee (£30) and a release of charge fee (£100 - paid upon redemption).

The overall cost for comparison is 4.1% APRC representative.