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Variable rate mortgages The Standard Variable Rate is the lender's basic rate - usually tied in to the Bank of England's base rate. The rate reflects general market trends, and fluctuates according to economic conditions. Most mortgages revert to this rate after the initial special offer rate has expired. Pros:
Cons:
Disclaimer: This material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make any decisions. Always obtain independent, professional advice. |
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