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14 Nov 2019

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Libor Mortgages Explained

Libor Mortgage

Libor mortgage, like the majority of mortgages on the market track a rate.

Unlike the majority of mortgages that track the Bank of England base rate, Libor mortgage track the london Inter Bank Rate.

These lenders, mainly sub-prime and self-cert lenders track LIBOR (the London Inter-Bank Offered Rate), the rate at which banks lend money to each other in the money markets. Most LIBOR mortgages track three month LIBOR.


Most LIBOR mortgages have a three-monthly rate review they are variable rate deals but are not subject to change as often as those based on a lender’s SVR or the Bank of England base rate. Current rates, and more information on LIBOR, are available online at www.bba.org.uk.

Do you want fee free Libor rate mortgage advice?

If you would like to speak to a mortgage and remortgage advisor about Libor mortgage schemes please complete our mortgage enquiry form

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We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £500

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £500