Insolvency and Standard variable rate: Difference between pages

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imported>Doug Williamson
(Add link.)
 
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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1.
''Mortgage lending - interest rates.''


Inability to pay financial obligations as they fall due.
(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.


2. ''UK law''.
It is usually more expensive for the borrower overall, compared with other mortgage deals.
 
The inability of a company - on a balance of probabilities - to meet all of its existing, prospective and contingent liabilities, taking account of future costs and of future interest obligations.
 
In making this assessment, future income and future asset valuations are also taken into account.




== See also ==
== See also ==
* [[Balance sheet insolvent]]
* [[Interest rate]]
* [[Bankruptcy]]
* [[Mortgage]]
* [[Cash flow insolvent]]
* [[Variable rate]]
* [[Chapter 11]]
* [[Company voluntary arrangement]]
* [[Corporate Insolvency and Governance Act]]
* [[Cost of financial distress]]  = insolvency costs
* [[Creditors]]
* [[Individual Voluntary Arrangement]]
* [[Insolvency Act]]
* [[Insolvency practitioner]]
* [[Insolvency Service]]
* [[Liquid]]
* [[Liquidate]]
* [[Liquidity]]
* [[Liquidity risk]]
* [[London Approach]]
* [[Scheme of arrangement]]
* [[Solvency]]
* [[Solvency II]]
* [[Statement of affairs]]
* [[Voluntary liquidation]]
* [[Wrongful trading]]


[[Category:Long_term_funding]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Financial_products_and_markets]]
[[Category:Manage_risks]]
[[Category:Treasury_operations_infrastructure]]

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.


See also