Standard Variable Rate

A Standard Variable Rate (SVR) is a rate of interest that is determined by your lender. The rate can increase or decrease at any time, which means your payments could also fluctuate.

Most mortgage deals revert to SVR when your current fixed or tracker deal comes to an end.

How much will it cost?

An initial rate* of Followed by The overall cost for comparison is Maximum Loan To Value Fees
5.99% 6.2% 95% £0
APR

If you borrowed £125,000 over 25 years the cost for credit would be £116,808.00 meaning you repay a total of £241,808.00. This would be repaid by 300 monthly repayments currently of £804.61.

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Summary Information

Interest Rates Standard Variable Rate (currently 5.99%) for the term of the mortgage
Maturity Date N/A
Maximum Loan to Value (LTV) 95%
Loan Amount £10,000 - £300,000
Daily Interest Calculation Interest is calculated on the balance of your account at the end of each day.
Interest is accrued daily and added to your account balance on the last day of every month. Every cleared payment that is made reduces the mortgage balance and interest is recalculated on the reduced balance
Minimum Term 5 years
Reservation Fee £0
Completion Fee £0
Early Repayment Charge N/A

Useful Documents

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