Standard Variable Rates on the Rise?
- 26/10/11
Borrowers with the Bank of Scotland and The Mortgage Business have been told that the lenders Standard Variable Rate is to rise from 4.84% to 4.95% due to "the increased cost of funding and capital costs".
This will affect around 175000 borrowers.
Could other lenders follow?
We will have to see. It may be a good time to keep an eye on your lenders standard variable rate and be ready to remortgage to a better rate if others do follow.
Watch this space!
Recent MFS Blogs
- Protecting Maintenance Payments
- Could a "Capped" or "Drop Lock" Mortgage be for You
- What is Credit Scoring?
- Standard Variable Rates on the Rise?
- Bank of England Base Rate Held for Record 31st Month
- Fixed Rates Continue to Fall
- Bank of England Base Rate Held for a record 30th month
- To Fix or Not to Fix
- Are Comparison Sites Impacting on Your Credit Rating?
Recent MFS Blogs for Footer
- Protecting Maintenance Payments
- Could a "Capped" or "Drop Lock" Mortgage be for You
- What is Credit Scoring?
- Standard Variable Rates on the Rise?
- Bank of England Base Rate Held for Record 31st Month
- Fixed Rates Continue to Fall
- Bank of England Base Rate Held for a record 30th month
- To Fix or Not to Fix
- Are Comparison Sites Impacting on Your Credit Rating?