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Category: Essential Guides

All You Need to Know About Switching Your Mortgage
Author adminPosted on June 6, 2023 | Categories Essential Guides, Mortgage Switch

All You Need to Know About Switching Your Mortgage

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Switch your Mortgage Rates
Author adminPosted on May 7, 2020 | Categories Essential Guides | Tags Switch Mortgage Rates

Switch your Mortgage Rates

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Current BOE Base Rate - 5.00%

How to Switch Mortgage Rates Explained

https://www.youtube.com/watch?v=M8vYJA9a7U8
Access the Live Mortgage Switching Calculator - see your options

What is an SVR ?

Halifax

SVR stands for 'Standard Variable Rate' Mortgage. This is the rate of interest you will pay after any initial deal ends.

Halifax Mortgages use the term 'Homeowner Variable Rate' (instead of the notation SVR or Standard Variable Rate after an initial deal ends)

 

Barclays

SVR stands for 'Standard Variable Rate' Mortgage. This is the rate of interest you will pay after any initial deal ends.

Barclays Mortgages use the term 'Follow on Rate' (as well as using SVR or Standard Variable Rate to describe mortgage rates after the initial deal ends)

Natwest

SVR stands for 'Standard Variable Rate' Mortgage. This is the rate of interest you will pay after any initial deal ends.

Natwest Mortgages uses the term SVR or Standard Variable Rate after an initial deal ends.

Santander

SVR stands for 'Standard Variable Rate' Mortgage. This is the rate of interest you will pay after any initial deal ends.

Santander Mortgages offer two different rates for mortgage deals depending on when a mortgage was taken out.

Nationwide

SVR stands for 'Standard Variable Rate' Mortgage. This is the rate of interest you will pay after any initial deal ends.

Nationwide Mortgages use the term 'Standard Mortgage Rate' or SMR (instead of the term SVR or Standard Variable Rate after an initial deal ends)

 

Virgin Money

SVR stands for 'Standard Variable Rate' Mortgage. This is the rate of interest you will pay after any initial deal ends.

Virgin Money Mortgages use the term 'Standard Variable Rate' or SVR  to describe the rate after an initial deal ends.

SVR Comparison

Bank Current SVR
Halifax 7.99%
Nationwide 7.99%
Barclays 7.50%
Leeds BS 7.99%
Santander 7.50%
Virgin Money  8.74%

Mortgage Lenders

  • Birmingham Midshires Advisers

Essential Reading

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  • The inside story of the pound’s plunge and soaring mortgage costs

All Articles

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  • Mortgage Switch
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Switchrates.co.uk, compare and calculate your mortgage savings when transferring or switching a mortgage product from a standard variable rate to a new and better rate. Switching your mortgage rate or transferring your mortgage rate - no brokers fees, just a fast mortgage transfer service from lenders including, Halifax, Barclays, Birmingham Midshires, Virgin Money, Metro Bank & more.

The information contained within this site is to be used for guidance purposes only and does not constitute financial advice. Any data regarding mortgage savings is indicative, a regulated financial adviser will advise as to the actual savings and details of relevant mortgage products.

Switch Rates.co.uk is the leading and only dedicated Mortgage Switch and Transfer comparison service.

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  • enquiry@switchrates.co.uk

Quick Links

  • SVR Savings Calculator
  • Halifax Mortgage Switch – a comprehensive guide
  • Switching your Natwest Mortgage the simple way
  • Nationwide mortgages switch rates – a comprehensive guide
  • Lowering the cost of your Barclays Mortgage
    • Birmingham Midshires Advisers
  • Switch your Santander mortgage product – How to guide
  • Complete Lender SVRs
  • Terms & Condition
  • Privacy Policy

Latest from our Blog

  • All You Need to Know About Switching Your Mortgage
  • Inflation rebounds to 10.1 per cent in September
  • Kwasi Kwarteng brings forward debt plan to 31 October
  • Bank of England boosts plan to calm market turmoil
  • Mortgage rates still rising as big lenders revise deals
  • The inside story of the pound’s plunge and soaring mortgage costs
  • Chancellor Kwasi Kwarteng hails ‘new era’ as he unveils tax cuts
  • Bank Rate increased to 2.25% – September 2022
  • UK economy grew slower than expected in July
  • Bank of England delays interest rate decision after Queens death

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