Standard Variable Rate (SVR) 

At the end of the fixed-rate product, our Standard Variable Rate (SVR) will apply. Unlike other lenders, our SVR is priced according to risk and the lower the LTV, the lower the rate will be. Our SVR uses the same LTV bands as our fixed rate products and, as the LTV reduces over time, the SVR automatically moves to a new lower rate as it passes into a new LTV band.

However, an SVR  should rarely be a first choice and we will offer you the same great deals we offer to new customers ahead of this happening. We always make sure your broker is involved in this process and will proactively contact them at the same time as you in advance of the fixed rate ending.