SVR Watch - March 2020

SVR Watch - March 2020

The Bank of England reduced base rate by 0.50% to 0.25% on March 11th, and then made a further reduction to 0.10% on the 19th.

Here's our rundown of how lenders are reacting to these cuts, so you can see whether yours has reduced its Standard Variable Rate. We're keeping a close eye on developments and will update this page as we hear of any changes. We've also shown how they reacted to the previous base rate increase in August 2018.

Remember that if you are currently paying your lender's SVR, the chances are you could substantially reduce your monthly mortgage costs by switching to a cheaper deal. Review your rate and check our best buys to see if you can find a better mortgage. Our expert advisers are on hand if you want to talk through the options available to you.

Lender

August 2018 Change

Current SVR

11 March Change

New SVR

19 March change

Newest SVR

 

 

Accord

No change

4.99

 

-0.50

4.49

Aldermore

0.25

5.23

 

-0.65

4.58

Bank of Ireland

0.25

4.74

-0.50

4.24

-0.15

4.09

Barclays

0.25

5.24

-0.50

4.74

 

 

Bath BS

0.15

5.44

 

-0.54

4.90

Beverley

0.24

4.99

 

 

BM Solutions

0.25

5.09

-0.50

4.59

-0.15

4.44

Buckinghamshire

No change

5.24

 

-0.50

4.74

Cambridge

0.25

5.24

 

-0.35

4.89

Chelsea

No change

4.99

 

-0.50

4.49

Chorley BS

0.25

5.74

 

-0.50

5.24

Clydesdale / Yorkshire Bank

0.25

5.20

-0.65

4.55

Co-op

0.25

4.99

-0.50

4.49

-0.15

4.34

Coventry

0.25

4.99

-0.50

4.49

 

 

Cumberland

0.25

4.74

 

 

-0.65

4.09

Cynergy Bank

0.25

4.75

 

 

 

Darlington

0.25

5.95

-0.65

5.30

Digital Mortgages (Atom Bank)

0.25

4.00

 

 

-0.50

3.50

Dudley

No change

4.99

 

 

Earl Shilton

No change

5.24

 

-0.35

4.89

Ecology BS

No change

4.65

-0.50

4.15

Family BS (National Counties)

0.25

5.04

 

-0.65

4.39

First Direct

0.25

4.19

 

-0.65

3.54

Furness

0.25

5.79

 

-0.65

5.14

Halifax / Lloyds

0.25

4.24

-0.50

3.74

-0.15

3.59

Handelsbanken

No change

4.25

 

 

Hanley Economic

0.25

5.44

 

-0.65

4.79

Harpenden

No change

4.19

 

 

Hinckley & Rugby

0.25

6.14

 

-0.25

5.89

Hodge Lifetime

0.25

4.70

 

-0.50

4.20

HSBC

0.25

4.19

-0.50

3.69

-0.15

3.54

Ipswich

0.25

5.74

-0.50

5.24

Kent Reliance

0.25

6.33

 

-0.65

5.68

Leeds

No change

5.69

 

-0.40

5.29

Leek United

0.25

5.69

 

-0.50

5.19

Loughborough BS

0.25

5.34

 

 

 

 

Manchester

0.25

5.74

 

 

Mansfield

0.16

5.75

 

 

 

Market Harborough

No change

5.49

 

 

Marsden

0.25

6.20

 

-0.50

5.70

Melton Mowbray

No change

4.99

 

 

Metro Bank

0.25

4.25

 

-0.65

3.60

Monmouthshire

0.25

5.24

 

-0.50

4.74

Nationwide

0.25

4.24

-0.50

3.74

-0.15

3.59

Nationwide (pre Apr '09)

0.25

2.75

-0.50

2.25

-0.15

2.10

NatWest / RBS

0.25

4.24

-0.50

3.74

-0.15

3.59

Newbury

0.25

4.45

-0.50

3.95

Newcastle

No change

5.99

 

 

Nottingham

0.25

5.74

 

 

Paragon

0.25

5.60

 

-0.65

4.95

Penrith

0.35

4.75

 

 

 

Platform

0.25

4.99

-0.50

4.49

-0.15

4.34

Principality

0.15

5.05

 

-0.65

4.40

Saffron BS

0.25

5.64

-0.25

5.39

Sainsbury's Bank

0.25

4.49

 

 

 

Santander

0.25

4.99

-0.50

4.49

-0.15

4.34

Santander Follow-on rate

0.25

4.00

-0.50

3.50

-0.15

3.35

Scottish BS

0.15

5.29

 

-0.35

4.94

Scottish Widows

0.25

4.24

-0.50

3.74

-0.15

3.59

Skipton

0.25

4.99

-0.35

4.64

Stafford Railway

0.25

3.45

 

-0.50

2.95

Teachers BS

0.25

5.24

 

 

 

Tesco Bank

No change

4.04

 

 

 

Tipton & Coseley

0.25

5.24

 

-0.30

4.94

TSB

0.25

4.24

-0.50

3.74

-0.15

3.59

Vernon BS

0.25

5.20

 

 

 

Virgin Money

0.20

4.99

-0.50

4.49

-0.15

4.34

West Bromwich

0.25

4.49

-0.50

3.99

 

 

Yorkshire BS

No change

4.99

 

-0.50

4.49

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