Home Mortgages Mortgage & rate types Standard Variable Rate Mortgages

Standard Variable Rate Mortgages

A variable rate set by us

Our Standard Variable Rate isn’t linked to the Bank of England Base Rate, or anything else. Instead we set the rate ourselves.

Key features

  • when it comes to our Repayment Mortgages, the Standard Variable Rate (SVR) only ever applies when the agreed term of a Fixed or Tracker Mortgage comes to an end
  • you can, however, choose to apply the Standard Variable Rate to our Offset Mortgage from the start and for the lifetime of your loan
  • our SVR doesn’t track the Bank of England Base Rate or any other rate
  • your interest rate will vary over the term of the loan at a rate set internally by us
  • you can make unlimited over payments to your mortgage whenever you like without Early Repayment Charges.

Find a Standard Variable Rate Mortgage for you

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

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Would a Tracker Rate be better for you?

A Tracker Rate sets your interest rate at an agreed percentage above the Bank of England Base Rate.

Read about Tracker Rates

Or maybe a Fixed Rate?

Fixed interest rates are set for an agreed time for example 2 or 5 years, so you know exactly what you’re paying each month.

Learn about Fixed Rates