Santander mortgage standard variable rate

New customers to Santander will now switch to a base-rate tracker deal when their term expires, instead of the bank’s Standard Variable Rate. The new tracker mortgage – known as the Follow-on Rate (FoR) – will fluctuate with the Bank of England base rate.

As an existing customer, the Follow-on Rate (FoR) is an option for you to consider if you’re already on our Standard Variable Rate (SVR) or when your current deal ends. All mortgage deals taken on or after 23 January 2018 will transfer to the FoR when the initial product period ends. This compares with Santander’s current standard variable rate of 4.74%, which is not linked directly to the base rate. While Santander’s SVR did increase following November’s 0.25% base rate rise, the bank says it will not necessarily do so in future. The FoR is a variable rate that tracks at 3.25% above the Bank of England Base Rate which currently stands at 0.75%. As such, customers now pay 4% at the end of their mortgage deal. Any future Base Rate rise or fall will be passed on in full. But those who will go on to the SVR will pay a higher default rate at 4.99%, when their current deal expires. Santander's Standard Variable Rate will increase to 4.99% from 4.74% Alliance & Leicester's Standard Variable Rate will increase to 4.99% from 4.74%. Interest rates on all existing base rate trackers will increase by 0.25%. From rates to payments to closing costs, we’ll help you navigate the mortgage process and find a home loan that’s right for you. Not only that, with Santander Bank’s competitive rates backed by personalized, friendly service, you’re sure to feel right at home. The Santander and Alliance & Leicester Standard Variable Rates will reduce from 4.99% to 4.49%; All tracker mortgage products linked to base rate including Santander’s Follow-on Rate will reduce from 4.00% to 3.50%. The current Bank of England base rate is: 0.75% You can use the filters on this page to find rates that are best suited to your client’s needs, or you can use the search field to conduct a product code search.

Download our latest rates This table shows our latest mortgage rates across our product range. Santander reduces Standard Variable Rates 12/03/2020.

12 Mar 2020 Santander has confirmed that it will be passing on the full rate cut, reducing its Standard Variable Rate to 4.49 percent. It comes after the Bank  18 Jan 2018 This means Santander's army of so-called “mortgage prisoners” – those who are stuck on the standard variable rate and unable to switch to a  12 Mar 2020 Santander will drop its Standard Variable Rate to 4.49 per cent from April, Head of Mortgages at Santander Bradley Fordham said: 'Following  8 Aug 2018 Santander raises variable mortgage rates. The lender's Standard Variable Rate ( SVR) and the Alliance and Leicester SVR will match that rise  2 Aug 2018 Commercial Mortgages. If you have a variable rate Commercial Mortgage that is linked to the Bank of England base rate, and your facility  29 Jan 2019 A standard variable rate (SVR) is a type of mortgage interest rate that you are most likely to go onto after finishing an introductory fixed, tracker  22 Aug 2012 Santander has written to several hundred thousand mortgage customers to tell them their standard variable mortgage rate will rise to 4.74% 

10 May 2018 Santander: Accounts that track the base rate went up by 0.25 per cent from Dec 1. TSB: A rise of 0.15 per cent from Dec 1 on variable rate savings 

29 Jan 2019 A standard variable rate (SVR) is a type of mortgage interest rate that you are most likely to go onto after finishing an introductory fixed, tracker  22 Aug 2012 Santander has written to several hundred thousand mortgage customers to tell them their standard variable mortgage rate will rise to 4.74%  19 Apr 2013 plc (Santander) that will see it contact over 270000 mortgage customers increasing the cap on its mortgage standard variable rate (SVR) in  The base rate influences the interest rates that many lenders charge for mortgages, loans and other types of credit they offer people. For example, our rates often  Even the so-called tracker mortgages track the Bank of England base rate rather than the Santander Bank mortgage rate. Current Santander SVR. The current 

29 Jan 2019 A standard variable rate (SVR) is a type of mortgage interest rate that you are most likely to go onto after finishing an introductory fixed, tracker 

Bank of England base rate change & what to do if you're financially impacted by the Coronavirus: find out more. New mortgage customers. Find the right mortgage for you. Find out more; Existing mortgage customers. If you want to make a change to your existing Santander mortgage, here’s how.

From rates to payments to closing costs, we’ll help you navigate the mortgage process and find a home loan that’s right for you. Not only that, with Santander Bank’s competitive rates backed by personalized, friendly service, you’re sure to feel right at home.

Santander's Standard Variable Rate will increase to 4.99% from 4.74% Alliance & Leicester's Standard Variable Rate will increase to 4.99% from 4.74%. Interest rates on all existing base rate trackers will increase by 0.25%.

29 Jan 2019 A standard variable rate (SVR) is a type of mortgage interest rate that you are most likely to go onto after finishing an introductory fixed, tracker