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MORTGAGECONNECTOR
Rates, repayments and fees

What is Standard Variable Rate (SVR)?

A variable mortgage rate set by the lender, often used after an introductory deal ends.

Definition

Each lender sets and can change its SVR under the mortgage terms. It does not have to track Bank Rate directly. A borrower may move onto SVR when a fix or discount ends unless another product is arranged.

Practical example

A fixed-rate mortgage can revert to the lender's SVR on the product-end date, changing the monthly payment.

Why it matters

Compare the lender's available product transfer with remortgage options before the existing deal ends.

Remortgage guide

Source and review

Reviewed 16 July 2026. Product criteria and rules can change.

MoneyHelper: mortgages and interest rates

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