Standard variable rate: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages and Moneyfacts UK webpage https://moneyfacts.co.uk/mortgages/guides/what-is-a-standard-variable-rate/#:~:text=A%20standard%20variable%20rate%20(SVR,fixed%2C%20tracker%20or%20discounted%20deal.) |
imported>Doug Williamson (Add link.) |
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| Line 1: | Line 1: | ||
''Mortgage lending - interest rates.'' | ''Mortgage lending - interest rates - retail.'' | ||
(SVR). | (SVR). | ||
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== See also == | == See also == | ||
* [[Floating rate]] | |||
* [[Interest rate]] | * [[Interest rate]] | ||
* [[Mortgage]] | * [[Mortgage]] | ||
* [[Retail]] | |||
* [[Variable rate]] | * [[Variable rate]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Latest revision as of 12:21, 31 March 2021
Mortgage lending - interest rates - retail.
(SVR).
A standard variable rate is a rate of mortgage interest set by the lender, that they have the discretion to change from time to time.
It is usually more expensive for the borrower overall, compared with other mortgage deals.
