Our typical variable rate is 12.9% APR. Two thirds of our customers receive this rate or better. Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on a mortgage or any other debt secured on it. Driveloans are a subsidiary of Happy Loans who are authorised and regulated by the Financial Services Authority for the selling of insurance products. A fee of upto 10% may be charged.