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 adviser to see how we can help you find the right mortgage deal.

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

SOME BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. 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 Limited is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority.

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

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