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standard variable rates Archive
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Halifax Gives its SVR Cap More Headroom
Halifax has announced that it will increase the cap that applies to its standard variable rate (SVR) for some borrowers. The cap will increase from 3% above Bank of England Base Rate to as much as 3.75% above Base Rate. That may not come as a big surprise to some as this isn’t the first [...] -
Standard Variable Rates are just that…variable!
Two lenders in the Lloyds Banking Group stable are increasing the standard variable rate (SVR) charged to its mortgage borrowers. From tomorrow the Bank of Scotland and The Mortgage Business will increase the SVR charged to existing mortgage borrowers from 4.84% to 4.95%. Bank of Scotland and TMB no longer lend so it is those [...] -
Halifax Introduces a “New” Variable Mortgage Rate
Last week Halifax announced that it will introduce a new variable mortgage rate from the 4th January. The current standard variable rate is currently set at 3.50% but the new “Homeowner Variable Rate” will be set at a higher rate of 3.99%. This will apply to all new mortgages from that date and borrowers will [...]
