Standard Variable Rate (SVR)
Mortgages & secured lendingThe default variable rate a lender charges after a fixed deal ends.
Overview
SVR can change at the lender’s discretion.
It is often higher than fixed or tracker deals.
Why it matters
- It can increase your mortgage costs.
- It is a common reason to remortgage.
- It affects long-term affordability.
FAQs
Does everyone move to SVR?
Usually yes after a deal ends unless you switch or remortgage.
Can I avoid SVR?
Yes, by remortgaging or choosing a new deal before it ends.
Related terms
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