Covered position and Standard variable rate: Difference between pages
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imported>Doug Williamson (Layout.) |
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.) |
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A | ''Mortgage lending - interest rates.'' | ||
(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. | |||
== See also == | == See also == | ||
* [[ | * [[Interest rate]] | ||
* [[ | * [[Mortgage]] | ||
* [[ | * [[Variable rate]] | ||
[[Category:The_business_context]] | |||
[[Category:Financial_products_and_markets]] | |||
Revision as of 12:19, 31 March 2021
Mortgage lending - interest rates.
(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.
