Standard Variable Rate

The standard variable rate (SVR) isn't really a mortgage as such; it's the basic rate on which many lenders calculate their other deals and the rate you move to when your deal is over.

It's a variable rate, which means the lender can raise or lower it as and when it sees fit, and is generally higher than many of the 'deal' mortgages on offer today. Three decades ago, almost every mortgage was an SVR product, and until recently most borrowers would move to the lender's SVR once their deal period ended.

For most borrowers, however, this is a costly option - most SVRs are more expensive than other deals in the market - and when it comes to the end of your deal it's time to look around for another product - known as remortgaging.

Simply complete the enquiry form, and let a specialist broker do all the shopping around for you. They'll provide you with a FREE no obligation quote detailing which lenders are currently offering best variable rate mortgage deals.