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Standard Variable Rate Mortgages
Your home may be repossessed if you do not keep up your payments
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 Mortgages, the Standard Variable Rate (SVR) only ever applies when the agreed term of a Fixed or Tracker Mortgage comes to an end.
- 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 don't 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.
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.