The rate of your mortgage varies according to the movements in the lender's SVR
the interest is variable, each day it may change.
As you would expect from the name variable mortgage rates go up and down and generally don’t stay at the same level for too long. This is because the interest rate and subsequent level of repayment varies with the lender’s interest rate. This is usually derived from Bank of England base rate or some other index. One such index is the banks’ base rate – an average of the rates of several leading lenders.
The interest rate that the lender charges that fluctuates with the market. A variable rate can rise or fall depending on market conditions.
In a variable interest loan, the interest rate changes periodically in relation to an index. For example, the interest rate might be linked to the cost of US Treasury Bills and be updated monthly, quarterly, semi-annually, or annually.
A rate that can increase or decrease with the changes of the Prime Rate or London Interbank Offer Rate (LIBOR).
An interest rate that changes and is determined by adding the index rate to the previously disclosed margin.
A rate which can be changed at the lenders own discretion, this often reflects changes in the Bank of England Base Rate.
an interest rate that may change during the term of the loan or deposit
an interest rate that may increase or decrease from month to month
a qualified floating rate if variations in the value of the rate can reasonably be expected to measure contemporaneous variations in the cost of newly borrowed funds in the currency in which the debt instrument is denominated
a rate that can change based on the index
a rate that can change because it is based on an Index
a term used to describe a plan that allows the company issuing the card to change the APR when interest rates or economic factors change
The rate or cost incurred by the borrower. Unlike fixed rate, as the name suggests variable rate moves in tandem with a specified index.
An interest rate that adjusts periodically according to the financial index it is based upon plus a margin. A variable rate must be based on a publicly available index such as the Prime Rate published in major daily newspapers or US Treasury Bills. The interest rate may increase or decrease based on changes in the index.
Your payments go up and down as the mortgage rate changes (mortgage interest rates tend to move in line with the base rate set by the Bank of England, but there is sometimes a delay). Lenders set their own standard variable rates of interest.
Most home equity line of credit loans have a rate that fluctuates based on the prime rate changes.
This is the lenders standard variable rate and the lenders interest rates go up and down according to the current base rate. Your interest payments therefore change accordingly.
A variable rate loan allows for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects changes in market rates of interest. A fluctuation in the rate causes changes in either the payments or the length of the loan term. Limits are often placed on the degree to which the interest rate or the payments can vary. A fixed rate loan, on the other hand, carries the same interest rate for the life of the loan.
when the interest rate payable against a loan or mortgage can go up or down.
This is a rate that increases or decreases depending on money market interest rates.
If you take out a mortgage with a variable rate, your payments may raise and fall each month depending on the interest rates at that time.
The interest rate that changes periodically based on changes in the corresponding index. Payments may increase or decrease accordingly.
This is when the interest rate that you pay on your mortgage goes up and down depending on the lender's standard variable rate, with your interest payments changing accordingly on your mortgage.
Interest rate on a security that is subject to change, commonly in connection with the rates paid on selected issues of Treasury certificates. Also called floating rate.
An interest rate that can fluctuate during the term of the mortgage.
A rate BPA uses for its aluminum producing customers; the rate fluctuates up and down with changes in the world price of aluminum.
An interest rate that is subject to fluctuation.
The interest rate the lender charges goes up and down, with your interest payments changing accordingly.
An interest rate that may fluctuate during the term of a loan, line of credit or deposit account according to changes in an index rate, such as the prime rate or other prescribed criteria. See fixed rate.
the condition under which a lender alters the interest rate, usually in accordance with an agreed upon base index. In the case of a flexible rate loan, a variable payment plan may exist that would allow the borrower to make smaller payments at first, with increases over time. definition of variable rate defined definition of variable payment plan defined definition of flexible rate loan defined
a periodic rate that may change based on some type of index. If the rate is subject to change, this must be disclosed to you in writing.
An interest rate that changes periodically in relation to a specific financial index. Payments may increase or decrease accordingly due to changes in the index. Adjustments are usually made on a quarterly basis.
The interest rate the lender charges. it goes up and down and your repayments change accordingly.
The rate of interest charged for a mortgage or loan can be varied by the lender over the term of the loan. The changes in the interest rate will broadly follow that of the general cost of borrowing (eg: Bank of England base rate
A variable rate is an interest rate that varies based on the combination of a published index rate and a previously disclosed margin. VISA VISA cards, a product of VISA USA, are distributed by financial institutions around the world. Nearly 600 million cards carry one of the Visa brands and more than 14 million locations worldwide accept Visa cards.
A rate that fluctuates based on various benchmark interest rates. Most home equity lines of credit have variable rates that adjust whenever the prime rate changes.
An interest rate that changes periodically in relation to an . Payments may increase or decrease per the terms of the loan agreement or note.
A rate that goes up or down depending on money market interest rates.
This is when the interest rate you pay on your mortgage can go up or down depending on changes to the lender's standard variable rate. If you have a variable rate mortgage your monthly mortgage payments will change whenever the lender changes the interest rate.
An interest rate that changes periodically in an adjustable rate loan. Payments may increase or decrease accordingly.
Many mortgages are still arranged in this manner. Such mortgages have interest rates which fluctuate up and down often in tandem with bank base rates. In more recent years many variable rate mortgages are marketed with an initial discounted rate or fixed rate period.
Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
An annual percentage rate that may change over time as the prime lending rate varies or according to your contract with the lender.
an interest rate that fluctuates in line with the general cost of borrowing.
A rate that can move up or down at any time. Usually linked to changes in the Bank of England Base Rate.
An interest rate that changes with fluctuations in such indexes as the U.S. Treasury bill index.
An interest rate that will vary over the term of the loan
An interest rate that varies based on the combination of a published index rate and a previously disclosed margin. For example, if the current index rate is 9% and the margin is 2.75%, the variable rate will be equal to 11.75%.
A variable-rate agreement, as distinguished from a fixed rate agreement, calls for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects changes in market rates of interest. A fluctuation in the rate causes changes in either the payments or the length of the loan term. Limits are often placed on the degree to which the interest rate or the payments can vary.
A transaction with an interest rate that may fluctuate. The rate is often tied to an index that reflects changes in market rates of interest. A fluctuation in the rate causes changes in the payment amount. Limits (cap rate) are placed on the degree to which the interest rate can increase. See also, Floating Rate.
An interest rate that changes with fluctuations in such indexes as the prime rate.
Interest rate that changes periodically in relation to an index.
The interest rate (i.e. the percentage) applied on the outstanding principal amount fluctuates from period to period.
A variable rate agreement with an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects changes in market rates of interest. A fluctuation in the index rate causes a change to either the payments or the length of the loan term. A limit or cap is often placed on how high or low the rate can go or to how the payments can vary.
A rate of interest that rises or falls in line with the base rate of interest set by a national or central bank.
See "Variable Interest Rate."
A type of interest rate the lender can charge. It goes up and down and your repayments change accordingly.
An interest rate that can move up or down at any time usually when there are movements in the Bank of England Base Rate.
An interest rate that can move up or down at any time. Usually linked to changes in the Prime Rate or LIBOR, a Variable Rate financing can provide benefits for a start-up venture if structured properly.
An interest rate that changes periodically in line with market rates.
VARIABLE RATE/TRANCHES/ROLLOVER