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The rate you may move onto after any introductory rate ends

Standard variable rate

Online mortgages are provided by NatWest which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Royal Bank of Scotland may receive a fee based on a percentage of any mortgage entered into for this referral. NatWest and Royal Bank of Scotland mortgages are available to over 18s. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

What is the standard variable rate?

A standard variable rate, or SVR, is the interest rate that will be charged once an initial deal period on a fixed or tracker rate mortgage comes to an end.

With an SVR mortgage, your mortgage payments could change each month, going up or down depending on the rate.

If you don’t want to stay on a SVR mortgage then you may have the option to switch to a new deal or, if your with another mortgage provider, you can remortgage to us.

Moving to a standard variable rate? What happens when you are on SVR?

There is usually no Early Repayment Charge (ERC), meaning you can pay as much of the mortgage back as you like at any time.

If our SVR goes down, then your rate will drop too, so you’ll pay less.

If the SVR rates go up, then you'll pay more each month and, if you then search for a new deal to tie in a rate, introductory rates may have risen too

Normally, staying at the SVR isn't the cheapest way to pay back your mortgage. You may wish to look at other mortgages if you still have a significant amount to pay off.

You may not be able to move off our SVR if you have less than £10,000 remaining on your mortgage. Please contact us.

Already have a mortgage with us?

Take a look at our mortgage switcher information to see if it would be suitable to move to a new deal.

More about switching Open in new window

Need some help?

Call us

We're on hand to arrange a phone or video call with one of our qualified mortgage professionals. We can also help with any general queries about the process. 

Call us on ${dn-0800 056 0567} 

Relay UK: 18001 0800 056 0567

Opening hours: Mon-Fri 8am-6pm, Sat 9am-4pm, Sun Closed. Excluding public holidays.