where are all the VARIABLE RATE mortgages??

[NotanOtter]

Just had a quick shufti on the banks websites and can only find FIXED rate mortgages at frankly laughable APRs considering bank of england base rates...

are any lenders offering variable/tracker/capped or not?

what are people doign when their rates are up - ALL going for fixes even at these rates?

Nationwide are offering a variable rate of +1.69% over base rate. They don't have a tracker atm:

www.nationwide.co.uk/mortgage/remortgage/productsandrates/variableinterest-rates.htm

thanks for that marybs - unfortunately 75% ltv and gawd knows what has happened to the value of oour house

You could try a broker or an IFA to find one for you. I've used them on a number of occasions, although we've been happy with Nationwide for some time now, so haven't bothered.

There's also the Money websites, like moneysupermarket or charcolonline

Spoke to a mortgage advisor yesterday as my current deal is coming to an end soon. Could only offer me fixed rate deals as the bank has withdrawn all variable rate deals at the moment. I can have a 5 year fixed rate of 5.09 percent or go back to the standard variable rate with is 5.10 percent. Since last month standard variable rate has dropped by 1.5 percent, which I guess is why all deals at the moment are fixed rate.

Very few banks are offering variables now as they are just too ... well, variable. And with interests rates falling through the floor potentially not that profitable. We are looking at one at HSBC atm which is pretty good.

WHAT ABOUT TRACKERS?

anyone asked about tracker mortgages recently?

thing of the past trackers i think

mine is at 0.5% BELOW the base rate at the moment,

f off!

lol otter,

i bloody know,

i do have good LTV and all that but i will get NOWHERE near that now,

even with the lower rates

Mine too, SP!

Guess when it ends .... December. Bugger.

depressing - was wondering re ltv mine was ok but with prices diminishing i assume these will diminish too.....

Variable mortgages are out there if you want one-but why? Although interest rates are quite low at the moment they can rocket (anyone remember the 80's recession when rates when through the roof-I can). HSBC currently have a good tracker mortgage of .99% above the base rate-so 3.99 at the moment is very good providing the BBR doesn't rise too much. Am of the opinion that a fixed rate may be a good option. Our current lenders have offered us a very good rate & waived the £999 fee so we'llstay with them. .

sounds good