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.
- 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.
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.