Standard Variable Mortgage

What is a Standard variable Mortgage?

A Standard Variable Mortgage is based on the Bank of England’s lending base rate. Every time the lending rate increases, the lender’s standard variable rate increases similarly. If the
lending rate decreases, so too does the standard variable rate. But these mortgages don’t
follow the Bank of England exactly; many mainstream lenders set their rates a couple of
percent higher than the base rate, whereas others might set theirs slightly lower in order
to generate custom.

Is a Standard Variable Mortgage the right mortgage for me?

This all depends on your circumstances and requirements. There are many types of Standard Variable Mortgage, including those who specialise in lending to those with poor credit histories. Finding the Best Mortgage Deals takes a little industry-knowledge and a degree of familiarity with the mortgage world. To help demystify mortgages, our web-pages are full of information that will strip the jargon away and enable you to understand a bit more about the products involved.

Want free advice on the Best Mortgage Deals?

Our Independent Financial Advisors are happy to offer you free and friendly advice on the
Best Mortgage Deals for you. You can either call us or drop us an email and we’ll call you.
Our ‘Call Me Back’ costs you nothing except the time it costs to send us an email. Our
advisors will take your details and make a note of requirements before searching through our huge database of mortgage deals, many of which are not available anywhere else.

Talk to one of our Independent Financial Advisors

There are mortgage deals that are suitable for your needs, waiting for you in the market-place. Contact our Independent Financial Advisors and let’s find it together.