Standard Variable Mortgages

Roll onto a variable mortgage rate set by us after your Fixed or Tracker ends.

What is a Standard Variable Mortgage?

Rather than being linked to the Bank of England base rate, the interest rate on our Standard Variable Mortgages is set by us. And from time to time, we might change the rate.

Key features

  • the Standard Variable rate (SVR) only applies when an agreed Fixed or Tracker Rate Mortgage comes to an end

  • our SVR doesn’t track rates, such as the Bank of England base rate

  • your interest rate will vary over the term of the loan

  • you can make unlimited overpayments without Early Repayment Charges.

Ready to apply?

Our mortgage calculator shows how much you could borrow, potential rates, and how changes could affect your repayments – helping you find the right mortgage.

Find a mortgage for you

Think carefully before securing other debts against your home. Your home may be repossessed if you don't keep up repayments on your mortgage.

Our other mortgages…

Do you want to fix your rate?

Know exactly what you’re paying each month with our Fixed Rate Mortgage. You can fix your rate for an agreed time, such as 2 or 5 years.
Fixed rate mortgages

Want some flexibility?

A Tracker Rate Mortgage sets your interest rate at an agreed percentage above the Bank of England base rate, then tracks it. So your monthly payments may vary.
Tracker rate mortgages