Find a branch My Account Intermediary Portal
Our Standard Variable Rates

Find out more about our Standard Variable Rates

What does Standard Variable Rate mean? 

The Standard Variable Rate (SVR) is a rate of interest set by your mortgage lender. 

It is not directly linked to the Bank of England Base Rate and can change over time, as it is influenced by a number of different factors.

What are our current Standard Variable Rates? 

Our Residential Standard Variable Rate is currently 8.09%, effective from October 1st 2025. 

Our Buy to Let Standard Variable Rate is currently 8.59%, effective from October 1st 2025. 

Our Self-Build Standard Variable Rate is currently 8.69%.

Our Holiday Let Standard Variable Rate is currently 8.59%, effective from October 1st 2025. 

The Bank of England Base Rate is currently 4.00%, effective from 7th August 2025.

What does this mean for you? 

Once your current fixed, tracker or discount rate mortgage deal ends, you will be moved onto the Standard Variable Rate. As the SVR is variable, it can change at any time. This means your mortgage payments may increase or decrease. 

If you would prefer not to switch to the Standard Variable Rate, you could be eligible to switch to a new product. For more information about switching your mortgage, visit Mortgage Product Switch. 

Contact us

If you're looking for further support, please get in contact with our friendly Mortgage Servicing Team.

Get in touch
Get in touch