Standard Variable Mortgage
A mortgage in which the amount of interest you repay increases or decreases in line with the lenders interest rate changes is called a Standard variable mortgage.
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Variable Mortgage: A mortgage set to the lenders standard rate, it is influenced by economic conditions so will fluctuate with over the course of the mortgage. Generally, the payments remain the same, despite interest rate changes.
What is a variable mortgage rate?
What is a closed variable rate mortgage?
What are the pros and cons variable rate mortgages?
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The most effective variable mortgage product available to you.
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If the usual variable mortgage rate is less than the capped rate then the borrower is charged that variable rate.
Consumers with a variable mortgage will see a rise in monthly mortgage interest payments. Therefore, they will have less income to spend.
Exchange Rate effect.
These have more in common with variable mortgages than they do fixed-rate, but allow for a slight variation on the theme. Mortgages are extremely confusing.
DISCOUNT-RATE MORTGAGE - A mortgage with a guaranteed reduction in the variable mortgage rate (say, 2% ...
DISCOUNTED BASIS - To sell a debt instrument below maturity value, so that the difference makes up all ...
Usually, other interest rates - such as the rates on your credit card or a variable mortgage - will follow the BoE's adjustments, because they pass on the extra costs of borrowing to the end consumer.
 See also: Variable rate, Stats, Variable rate loan, Mortgage Broker, Banks
  
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