Standard Variable Rate Mortgage

Standard Variable Rate Mortgage

With this mortgage, your payments will go up and down as the lender’s standard variable rate goes up and down

Usually any changes in the lender’s standard variable rate will broadly be in line with movements in the Bank of England base rate.

A mortgage is a loan secured against your home or property.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

 

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