Home | Quotes | About Us | Mortgages | Remortgages | FAQ | Calculators | Resources  
Standard Variable Rate Mortgages

With a standard variable rate (SVR) mortgage, the interest rate may go up or down during the course of the loan. Sometimes, the rate will remain unchanged for months at a time, but at other times it may fluctuate from one month to the next.

The SVR charged by mortgage lenders is determined mainly by the Bank of England Base Rate, which is reviewed once a month. When the Bank of England changes the Base Rate, mortgages lenders will usually adjust their SVR up or down accordingly.

Variable rates hit at an all time low of around 4% a few years ago. However, in the past there have been periods where they were much higher up to 15% or more.

It is therefore important to bear in mind the effects of any future rise in interest rates when opting for a variable rate mortgage.

If you would like more information on any aspect of mortgages or remortgages, we would be happy to hear from you. All you need to do is complete our online mortgage enquiry form and a consultant will contact you.

Back to Mortgages Index

This website is provided as an independent marketing website.
We are neither a mortgage lender nor an independent financial adviser and, as such, are unable to offer financial advice.
Enquiries generated via this website are passed on to independent financial advisers and mortgage brokers.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.

Copyright � 2004-2008. Terms and conditions of use.

This website has been approved by SN Financial Services Limited for the purposes of s. 21 of the Financial Services and Markets Act 2000.
SN Financial Services Limited is authorised and regulated by the Financial Conduct Authority. Firm Reference number 231014. This may be checked at

Based on a template designed by Dams Web Templates & Supplied by: