Standard variable rate remortgages are set at the SVR charged by the lender to provide the borrower with a remortgage loan. Lender SVR varies wildly, but will usually be a couple of per cent higher than the Bank of England base rate, and move in tandem with any changes when the Monetary Policy Committee decides on the level of interest rates each month.

Standard variable rate remortgages are not generally the choice of financial services experts, because they are typically set at a higher rate. However, with this type of remortgage, the repayments due can go up or down relatively quickly.

England

Wales

House Price

Min£50,000

£50,000

Max£600,000

Deposit

Min (5% of house price)£2,500

£2,500

Max (30% of house price)£15,000

Interest Rate

Min2.00%

3.50%

Max6.00%

Term

Min25 Years

30 Years

Max35 Years

This calculator is provided to give you basic guidance only. This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs. Its important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errorsand recommend that you obtain exact figures from a specific lender before committing to any mortgage.

Mortgage Calculation

Your deposit£2,5005%
Your mortgage£47,50095%
 
Monthly Payment£213.30 

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