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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 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

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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.

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

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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.

owen humphreys

owen humphreys

5 Days old

This is the 2nd time Acre Mortgages has helped me out. Gregg explains everything very clearly, takes the time to understand requirements, and always finds the best deal. Highly recommend!

Sofiat Kolawole

Sofiat Kolawole

1 Month old

Gregg is the exact kind of adviser you want on your team when going through something as stressful and confusing as purchasing a home. His advice before offer was incredibly thoughtful and well-informed and helped me make the absolute best decision when choosing a property. He was so helpful post-offer all the way to completion - the team at Acre make sure you get all the necessary parts of the process done quickly and easily, from securing the mortgage offer to sorting insurance. I felt well-advised and confident throughout the process thanks to Gregg's outstanding client service and advice - thank you so much! Would highly recommend!

Mike Gippert

Mike Gippert

2 Months old

Gregg was amazing at supporting us with our first remortgage. He helped us secure a great interest rate during a turbulent market and answered any questions we had along the way. Highly recommend and we will be reaching out again when it’s time to remortgage in the future.

Tara Dennehy

Tara Dennehy

4 Months old

I have been so grateful for Gregg’s help whilst buying my first property. He has been very patient at leading me through the whole process and has always ensured the mortgage I got was what was best for me. Thank you!

Jake Dale

Jake Dale

6 Months old

I couldn't be happier with the service we received from Gregg at Acre Mortgages. From start to finish, he made the entire mortgage process smooth and easy to understand. His knowledge, communication and genuine care made a huge difference. Gregg took the time to explain every detail clearly and answered all our questions promptly. He even took time out personally to call us and go through the next steps when we had our offer accepted. He was always a step ahead of us! I cannot recommend Gregg highly enough!

Joseph Yaxley

Joseph Yaxley

7 Months old

I worked with Gregg many years ago, and we have stayed in touch. While I have always researched mortgage rates myself, I thought that enlisting professional help couldn't be a bad thing, so spoke to Gregg. I've carried out two renewals of mortgage rates with his help now, and both times found the process to be painless and Gregg's help and advice to be invaluable.

Lorraine Hambleton

Lorraine Hambleton

7 Months old

A huge thank you to Gregg and the team for a superb service in helping me to re-mortage when my fixed term recently came to an end. Made a £400 saving each month thanks to Gregg's expert eye on the market, and also ability to explain everything really clearly to me. Lots of handholding every step of the way, and anything I asked was never a stupid question. Thank you Gregg and team.... highly recommend!!

Ibs Bekir

Ibs Bekir

7 Months old

Acre mortgages have been fantastic! The service I’ve received from Gregg has been phenomenal. Very professional and at each stage the service was extremely helpful. My remortgage was smooth and seamless. Can’t thank the guys enough .

Brian M

Brian M

7 Months old

We had a fantastic experience working with Gregg when we first started thinking about buying a home. We didn’t know much at the beginning, but Gregg was incredibly patient and explained everything clearly about the mortgage process and the property market. His recommendations for a solicitor and surveyor were also excellent. Even after he went on to start his own company, he connected us with another advisor who was just as great, making the whole buying process smooth and stress-free. We’re very grateful and highly recommend Gregg!

Yesim Cella

Yesim Cella

7 Months old

Gregg was an absolute superstar - he made the whole mortgage process super easy, he found us the right deal and supported throughout our new house purchase - thank you Acre mortgages

Chris Waldron

Chris Waldron

8 Months old

Highly recommend as Gregg and team are super efficient, communicative and really understand the mortgage market, helping us towards purchasing our sons first property with a reputable lender at a great rate. Thank you Gregg / Acre Mortgages

Ademide Odunbaku

Ademide Odunbaku

8 Months old

Gregg from AcreMortgages has been great. If you need someone to take the stress out of a home purchase while working tirelessly to keep you informed then Gregg is your man. I found the combination of tailored customer service, driven by our initial consultation, and sound financial advice based on our needs supportive while also empowering.

Michael Davis

Michael Davis

8 Months old

Gregg Maxxom responded immediately to my requirements, even during his vacation. I strongly recommend Gregg and his team.

Ivan Heard

Ivan Heard

8 Months old

The acre mortgages team went above and beyond in helping us secure the right mortgage. They offered practical, well informed guidance on the available options and the process. 100% we’ll be using them again

Mount Pleasant

Mount Pleasant

8 Months old

Gregg has been an absolute pleasure to work with. He’s incredibly helpful and informative, always taking the time to explain everything clearly. His flexible and proactive approach means he’ll work hard to find a solution to any problem. What really stands out is that Gregg genuinely has your best interests at heart — he’s not just chasing a quick commission. It’s clear he truly cares about helping his clients make the right decisions. I’d highly recommend Gregg to anyone looking for a mortgage advisor they can trust.

Apples1974

Apples1974

9 Months old

Gregg is fantastic! He is extremely knowledgeable and has given me an extremely supportive service over the years, nothing is too much trouble. Gregg makes you feel comfortable by addressing all your questions without judgement (even the silly ones!). I have used Gregg for a number of years now for my mortgages and life insurance. Would highly recommend Gregg and Acre Mortgages.

B Campos

B Campos

9 Months old

Not only would I give Acre Mortgages 5 stars, but I would genuinely recommend them to anyone looking for diligent, competent, honest, and helpful brokers. Working with Gregg Maxam throughout the process made this incredibly difficult process easy and swift. We’re incredibly happy to have worked with Acre Mortgages and would whole heartedly recommend them to anyone looking to buy!

Zoe Reed

Zoe Reed

10 Months old

Gregg was amazing and very supportive. Gregg managed to make feel at ease and relaxed in our appointment. I felt comfortable asking lots of questions and he was very professional. I highly recommend Gregg to anyone. I have recently shared his details with my nephew who has also had an appointment. Thank you so much

Lewis Sage

Lewis Sage

10 Months old

Gregg at Acre Mortgages is incredibly friendly, reliable, and knowledgeable. From the moment we spoke, he offered clear, honest advice and went above and beyond to help. It’s rare to find someone in the mortgage industry who genuinely cares and takes the time to understand your needs. I wouldn’t hesitate to recommend Gregg at Acre Mortgages to anyone looking for expert mortgage advice and exceptional service.

Samuel Brooker

Samuel Brooker

10 Months old

Working with Gregg at Acre Mortgages has been a fantastic experience. His professionalism, deep knowledge of the mortgage market, and approachable nature make him stand out from the rest. Gregg takes the time to explain everything in simple terms, ensuring you feel confident and informed every step of the way. If you want a mortgage broker who is friendly, trustworthy, and delivers outstanding advice, Gregg at Acre Mortgages is the one to call.

Tracey Evans

Tracey Evans

10 Months old

I cannot recommend Gregg enough, he is so helpful & makes you understand everything & he keeps you updated as to what is going on & if he says he’s going to call/email he does, unlike previous people I have used, I wouldn’t go to anybody else now, highly recommend.

Matthew Woodhatch

Matthew Woodhatch

1 Year old

From the very beginning Gregg has been professional and personal, giving us guidance and support as first time buyers we were looking for. He was always going above and beyond to help us and we will be recommending him to anyone. Trustworthy and honest which means a lot these days.

karl reed

karl reed

1 Year old

Amazing service from Gregg at Acre Mortgages, Gregg spent a lot of time and effort explaining all the different options and scenarios to us. Communication was great, whether that be in person on the home visits or over teams Can not recommend Acre enough, a fantastic experience

Marinalva Sousa

Marinalva Sousa

1 Year old

Acre Mortgage helped us through the process of buying our dream home. Gregg’s approach was outstanding and we recommend him and his company services to anyone who plans to buy a house and needs professional help to do so. Thank you, Gregg god bless you!

Nathan Harrison

Nathan Harrison

1 Year old

Gregg and the team made my new mortgage application and subsequent mortgage switch an absolute breeze. No pressure was applied to commit to anything at any point and a friendly approach left me feeling at ease and I felt throughout that Gregg was striving to get me the best deal and had a wealth of knowledge. Would highly recommend, Thanks Gregg!

Fiona Findlay

Fiona Findlay

1 Year old

Excellent, personalised service, great attention to detail. Highly recommended. Fiona Findlay

Claire McKenna

Claire McKenna

1 Year old

I cannot recommend Gregg highly enough as a mortgage advisor! From the moment we connected, he made the entire process feel effortless with his upbeat attitude, deep expertise, and genuinely helpful advice. Gregg doesn't just provide information—he ensures you fully understand every step, empowering you to make the best financial decisions with confidence. His guidance is not only thorough but also incredibly insightful, making what can often be a stressful process feel smooth and even enjoyable. If you're looking for someone who is knowledgeable, proactive, and truly invested in helping you succeed, Gregg is the advisor you need. A five-star experience all the way!

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5.0 rating from 27 reviews

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