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Standard Variable Rates Archive
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Santander announces intention to raise mortgage rates in October
Santander has announced today that from 3rd October, it intends to increase its Standard Variable Rate (SVR) for mortgage customers from 4.24% to 4.74%. It is also increasing the cap on the margin that its SVR can be above the Bank of England Bank Rate. On 24th September, the margin will increase from 3.75% to [...] -
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 [...]
