SVR
Mortgages & secured lendingShort for Standard Variable Rate, a lender’s default mortgage rate.
Overview
SVR usually applies after introductory mortgage deals end.
It can change at any time based on lender decisions.
Why it matters
- It can increase your monthly payments.
- It often costs more than fixed deals.
- It encourages borrowers to review their mortgage regularly.
FAQs
Is SVR linked to the Bank of England base rate?
Not directly. Lenders can change SVR at their discretion.
Can I switch away from SVR?
Yes, by remortgaging or choosing a new deal.
Related terms
Take control of your credit health
Get the complete credit toolkit — all features included.
Start building creditInstant setup. No credit check. Cancel anytime.