#1
19th March 2016, 11:53 AM
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Barclays Bank Mortgage SVR
Hello sir, what is the SVR rate of Barclays bank mortgage? Please provide me Standard Variable Rate of Barclays Mortgage?
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#2
19th March 2016, 11:54 AM
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Re: Barclays Bank Mortgage SVR
Barclays Mortgage SVR Rate indicated is based on the 2 Yr Trackers at BBBR + 0.84% for 2 years' product. This rate is the Standard Variable Rate (‘follow on rate') applicable after the initial rate has expired. This rate is calculated through the following method: BBR(variable) + 3.49%. The rate of 3.99% is 0.89% higher than the average 3.1%. Also it is 1 % lower than the highest rate. Updated Feb, 2016 Barclays Mortgage Standard Variable Rate Rate at 3.99% p.a Barclays Mortgage Standard Variable Rate TYPE Home Loan RATE 3.99% APR 3.99% CURRENCY GBP The SVR rises and falls in line with general interest rates so you should benefit from any drop. However, if general interest rates rise, your mortgage rate will increase too, along with your monthly repayment. |
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