Tag Archives: SVR

Standard Variable Rate – Do Nothing is No Longer an Option

 “Generally speaking, everyone is more interested in doing nothing than doing anything.” —Gertrude Stein

It is doubtful that Stein, a leading American poet and writer of the early 20th century, was referring to mortgage lending in the UK when she wrote about the temptation of inactivity, but this sentiment arguably sums up the default position of lenders with regard to over a quarter of a trillion pounds of Standard Variable Rate (SVR) back books. Continue reading Standard Variable Rate – Do Nothing is No Longer an Option