*Product Types

*Standard Variable Rate

The normal Variable Rate (SVR) is a where the lender sets its interest rate over the Bank Base Rate. This rate can rise or fall whenever there exists a change in the Bank of England’s Base Rate. Lenders is usually quick to interact with rate increases yet slow to give on decreases. There’s no obligation to suit changes towards the base rate.

It can be usual practice for any mortgage for being transferred to the SVR…

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