Mortgages
SVR Watch

SVR Watch

  • Check your lender's current standard variable rate

  • Compare them against other lenders

  • Updated on 11th September 2025

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Here's the latest SVRs - updated 11th September 2025

The Bank of England on the 7th August 2025, voted to reduce the Base Rate by 0.25 percentage points, to 4.00%.

Here’s our rundown of how lenders have been reacting, so you can see where your mortgage lender's Standard Variable Rate (SVR) stands today. Remember that if you’re currently paying your lender’s SVR, the chances are you could substantially reduce your monthly mortgage costs by switching to a cheaper deal. Our remortgage calculator shows you the potential cost of staying on the SVR.

Review your rate and check our best buys to see today’s top deals. If you’re wondering if you should stick with your current lender or move to a new one when you remortgage, our Mortgage Finder can help you work it out. Simply enter some details and you’ll be able to compare your potential savings if you move onto your current lender’s best deal against your best deal with a new lender. And remember, our expert advisers are on hand if you want to talk through the mortgage options available to you.

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Lender

Accord

Aldermore

Allied Irish

Atom Bank

BM Solutions

Bank of Ireland

Barclays

Bath BS

Beverley

Buckinghamshire

Cambridge

Chelsea

Chorley BS

Clydesdale

Co-op

Coventry

Cumberland

Darlington

Dudley

Earl Shilton

Ecology BS

Family BS

First Direct

Furness

Generation H

HSBC

Halifax

Handlesbanken

Hanley Economic

Harpenden

Hinckley & Rugby

Hodge Lifetime

Kent Reliance

Leeds

Leek United

Lloyds Bank

Loughborough BS

Mansfield

Market Harborough

Marsden

Melton Mowbray

Metro Bank

Monmouthshire

Mpowered

NatWest

Nationwide

Newbury

Newcastle

Nottingham

Paragon

Penrith

Principality

Saffron BS

Santander

Scottish BS

Scottish Widows

Skipton

Stafford Railway

Suffolk BS

Swansea

TSB

Teachers BS

The Mortgage Lender

The Mortgage Works

Tipton & Coseley

Vernon BS

Virgin Money

West Brom BS

Yorkshire BS

Previous SVR %

7.24

8.83

7.1

6.99

8.59

7.44

7.74

7.59

7.69

8.24

7.69

7.24

8.29

7.24

7.12

6.94

7.44

7.84

8.19

7.64

6.04

7.94

6.74

8.24

6.25

6.74

7.74

7.24

7.99

7.64

7.04

7.85

5.68

7.74

7.59

7.74

7.94

8.29

7.59

8.54

8.44

7.75

7.99

6.74

7.24

6.99

6.3

6.5

7.95

8.85

7.49

6.92

8.29

6.75

7.99

7.74

6.54

5.75

7.89

6.8

7.74

8.24

7

8.24

7.99

7.7

7.24

6.49

7.24

% Change

-

-

-

-

0.25

0.25

-

0.2

-

0.15

0.15

-

-

0.25

0.25

0.2

-

0.2

0.1

-

-

-

0.25

-

0.25

0.25

0.25

-

-

-

-

-

-

-

0.25

0.25

-

-

-

-

0.3

0.25

-

-

0.25

0.25

0.15

-

0.1

0.25

-

0.12

-

-

-

0.25

-

0.4

-

-

0.25

-

-

0.25

-

0.25

0.25

0.1

-

New SVR %

-

-

-

-

8.34

7.19

-

7.39

-

8.09

7.54

-

-

6.99

6.87

6.74

-

7.64

8.09

-

-

-

6.49

-

6

6.49

7.49

-

-

-

-

-

-

-

7.34

7.49

-

-

-

-

8.14

7.5

-

-

6.99

6.74

6.15

-

7.85

8.6

-

6.8

-

-

-

7.49

-

5.35

-

-

7.49

-

-

7.99

-

7.49

6.99

6.39

-

Fee free since 1999

Provider
Details
Initial rate
Overall cost for comparison
Fixed for 5 years
X%
then X% (variable)
X% APRC
Learn more
Fixed for 5 years
X%
then X% (variable)
X% APRC
Learn more
Fixed for 5 years
X%
then X% (variable)
X% APRC
Learn more

SVR stands for Standard Variable Rate, and this is the rate you usually move on to once your initial mortgage rate finishes, unless you remortgage to another mortgage deal.

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An SVR is a variable rate, which means it can move up and down over time. It isn’t tied to the Bank of England base rate, so lenders may or may not change the SVR when the base rate moves.

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Although SVRs often move up or down in line with changes to the Bank of England base rate, it’s entirely up to your lender. They could pass on any increase or decrease in base rate in full, partially or make no change at all. That means your SVR could change at any time, and not just when the Bank of England raises or lowers the base rate.

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The SVR is usually more expensive than other mortgage rates, but there may be some circumstances when it might be beneficial to stay on your SVR, for example, if you’re planning to pay off your mortgage soon or if you only have a very small balance remaining.

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The main disadvantage of staying on your lender’s SVR is that they tend to be much higher than other mortgage rates, so you could end up paying hundreds - or even thousands - of pounds more in interest every year compared to if you were on a different mortgage deal. Another downside of staying on your lender’s SVR is that it’s entirely up to their discretion how high or low this rate goes, which can make it difficult to budget with any certainty.

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The main benefit of SVRs is that there aren’t generally any Early Repayment Charges, so if you want to pay off your mortgage in full, or move to a different deal, you can do so without incurring any additional cost. It also means that you can usually make overpayments of any size whenever you want. Other mortgage deals may cap the amount you can overpay each year, and if you exceed this limit, you may have to pay early repayment charges.

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Last updated
September 11, 2025
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