Standard Variable Rate |
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Standard Variable Rates
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The standard variable rate or SVR as it is sometimes known is one where the lender sets its rate above the bank base rate. Usually whenever there is a change to the Bank of England base rate this usually increases or decreases in line. It has been quite notable of late though, that banks have been very slow to respond to decreases in BoE rate changes. You would normally find yourself on this type of rate when you have come to the end of any discounted or fixed rate period and have come to the end of any tied in period. For more information on variable rate mortgages or remortgage please complete our enquiry form and one of our expert mortgage advisers will contact you.
these are a sample of some of the companies available |
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