(alsoadjustable rate mortgage)aloanforbuyingahouseon which theinterestratecanchangeovertime:Onebuildingsocietyiscurrentlyofferinga five-yearvariableratemortgage,cappedat 5.75%.(Definition ofvariable rate mortgagefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofvariable rate mortgage
variable rate mortgageOther forms of mortgage loans include interest only mortgage, graduated payment mortgage, variableratemortgage(including adjustable-rate mortgages and tracker mortgages), negative amortization mortgage, and balloon payment mortgage.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Interest rates rise and fall, and the proportion ofvariableratemortgagefinance in this country is substantially greater than in the member states of the eurozone.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0This compares very favourably with a typical 20 year fixed rate mortgage of around 3.75%, and variable rate mortgages which are lower.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The interest rate cuts of the past six months have already brought substantial gains to those with variable rate mortgages.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0We, too, would find that people would wish to take up their mortgages as fixed rate mortgages rather than as variable rate mortgages.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0I want to emphasise variable rate mortgages.FromEuroparl Parallel Corpus - EnglishNevertheless, there was concern for a number of reasons: the importance of the transaction; and the growing complexity of choice available, in particular between fixed and variable rate mortgages.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/variable-rate-mortgage##
