What Different Types of Repayment Mortgages Are There?
Standard Variable Rate Mortgages Standard Variable Rate or SVR is a type of mortgage where the interest rate can change, influenced by the Bank of England’s base rate. Each bank sets its own standard variable interest rate which is usually a couple of percentage points higher than the Bank of England’s base rate. SVR is one of the more common type of mortgages available with many leading lenders offering at least one, and sometimes offering several with different rates and Read More