SVR (Standard Variable Rate) for mortgages
What is an SVR? An SVR is an interest rate, it is not linked directly to an independent external rate such as the Bank of England’s Base Rate. It is set by a lender.
Market Harborough Building Society has two types of SVR relating to residential loans:
Residential SVR – 5.49% – effective from 1 March 2009
Holiday Let SVR – 5.49% – effective from 1 June 2012
In addition, the Society has a variable base rate for commercial lending – please refer to your loan documents if this applies to you.
Our SVRs are changing
With effect from 1 July 2022, the residential, holiday let and commercial SVR will increase to 5.94%.
You can find out more about this change, and further information for those impacted, by visiting our frequently asked questions page. Affected customers will be contacted by our mortgage team.