Exploring Allocated Waiver Mortgages: Meaning and Benefits Allocated waiver mortgages provide borrowers with flexibility by allowing them to allocate a portion of their mortgage to a variable rate. This unique feature allows homeowners to take advantage of lower interest rates while keeping a fixed rate for the remaining balance, mitigating the risks associated with interest rate fluctuations. With potential savings and increased control, allocated waiver mortgages are worth considering for those seeking stability and financial freedom.