An interest rate applied to a loan that may have features such as split-loan options or mortgage offset.
the basic rate of interest a lender charges on its straight variable-rate mortgages.
An interest rate, which is applied to loan. May have features such as redraw facility, construction, split loan options and mortgage offset.
The standard interest rates charged by mortgage lenders. The rates keep on fluctuating due to rise and fall in bank of England base rate.
A mortgage lender's main interest rate. Fixed-rate and discount loans usually switch to SVR when the special offer period expires. Conversely, tracker mortgages switch to a fixed percentage above Bank Of England Base rate (or LIBOR).
a remortgage where the interest floats upon the market rate
The rate which lenders apply to their "premium" home loan product. These loan products carry features such as a redraw facility, portability, and salary account.
The interest rate applied to the mortgage account when no other overriding scheme is in force. It fluctuates and follows the Bank of England base rate, but staying a margin above.
With a variable rate mortgage, your payments would rise and fall depending on the level of the interest rates at that time.
The mortgage interest rate charged by most lenders, which varies in line with rises and falls in the Bank of England base rate.
The mortgage lender's interest rate for those not under fixed, discounted or capped-rate conditions.
The SVR is the standard rate of interest that the lender charges. This usually goes up and down in line with any change in the bank base rate.
(SVR) (Type of interest rate - See interest rates explained for detailed definition)
A lenders main interest rate, it can change in line with the Bank of England Base Rate.
A mortgage lender's main interest rate, which fluctuates with changes in the base rate. Repayments on a Standard Variable Rate mortgage will therefore move up and down in line with changes to the rate. The benefit comes when interest rates are low.
A lenderâ€(tm)s normal rate of interest which runs broadly in line with the countryâ€(tm)s general cost of borrowing, ie: it can vary (up and down). At the end of any fixed rate, capped or discounted period, a mortgage will revert to the lenderâ€(tm)s SVR.
A mortgage lender's main interest rate, which fluctuates in line with general interest rates and market conditions.
Standard variable rate is a variable rate that the lender determines at their own discretion.
Lenders' SVRs fluctuate at their discretion as economic conditions change. When the initial rate-control period on a mortgage finishes the SVR will be the payable rate.
This is a variable rate determined entirely at each Lender's discretion. Unless linked to Libor or the Bank of England Base Rate, the SVR is the reverting rate at the end of any special offer period, such as a Capped, Discounted or Fixed rate.
An interest rate which is set by the lender and can go up or down normally dependent on the general interest rate.
A lender’s standard mortgage rate. This goes up and down with interest rates generally.
The rate which lenders apply to their 'premium' home loan product. Carries features such as a redraw facility, portability, salary account and mortgage offset.
Most common rate charged by lenders. Generally linked to the official cash rate that can fluctuate (rise and fall) due to the economic conditions.
The normal variable rate charged by a mortgagee. The rate will vary as interest rates generally vary. In particular, Building Societies need to set the SVR at a level sufficient to allow them to both attract savers and cover administration and marketing overheads.
Our current Variable Rate Mortgages, including discounted rates and our Flexible Mortgage, are all linked to our Standard Variable Rate. The interest rate may change from time to time and this may result in changes to your monthly payments.
This is the normal variable rate charged by a lender. This rate can go up or down at any time at the lender's discretion.