STANDARD VARIABLE RATE MORTGAGE

Standard Variable Rate Mortgage

With this mortgage, your payments will change as the lender’s standard variable rate goes up and down. Usuall, any changes in the lender’s variable rate will be in line with movements in the Bank of England base rate. The Bank of England Monetary Policy Committee reviews this rate monthly.

Is it right for me?

Yes – If you can afford to pay more when mortgage interest rates go up and want to take advantage of lower payments if rates fall.

No – If during the early years you would be unable to cope if repayments increased because of rising interest rates.

Still unsure?

Why not speak to an advisor to see how we can help you find the right mortgage deal.

Alternatively, see an explanation of the Base rate tracker mortgage product.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

ADDRESS

116a Market Street,
Hyde, Cheshire,
SK14 1ES

Mortgage Connections

Mortgage Connections UK Ltd is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Registered Office: 277 Stockport Road, Ashton-U-Lyne OL7 0NT | Registered in England & Wales No. 5030703