Standard variable rate mortgages

Standard variable rate mortgage overview

Standard variable rate mortgages use the bank of England base rate as a foundation for the calculation to apply interest to the initial loan. The lender applies a percentage point increase to the Bank of England base rate and it is this rate which is applied to the amount borrowed. The standard variable rate is not guaranteed to rise and fall by the same rate that the Bank of England base rate changes by. Indeed, the timeframe for any changes applied varies from lender to lender. As a result of this, the payments can increase and decrease with fluctuations in Bank of England base rate.  

Standard variable rate mortgage options

The Financial Services Authority suggests that before you consider taking out a long term financial product such as a standard variable rate mortgage that you may wish to consult a financial advisor. Our fully independent financial adviseos have a great deal of experience of working with clients to research the standard variable rate mortgage market and find a product that is right for them.

Free standard variable rate mortgage consultations 

Our aim is clear, to provide standard variable rate mortgage advice that best fits our clients’ needs. We are able to do this as we are fully independent. We search the entire market to recommend the right product. We offer free consultations to allow you to discuss your standard variable rate mortgage requirements with us. During this consultation, our financial advisors will discuss every element of the particular mortgage arrangement to allow you to make an informed decision as to the best way forward. To arrange your free consultation please >click here.

Please note: Your home may be repossessed if you do not keep up the repayments of a mortgage or loan secured on it.