{"id":3068,"date":"2021-11-24T10:50:12","date_gmt":"2021-11-24T10:50:12","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=3068"},"modified":"2021-11-24T10:50:13","modified_gmt":"2021-11-24T10:50:13","slug":"switch-from-svrs-for-better-rates","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2021\/11\/24\/switch-from-svrs-for-better-rates\/","title":{"rendered":"Switch from SVRs for better rates"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Navigating\nthe labyrinth of financial acronyms can leave even the savviest money managers\nwith a headache. But if you are a mortgage holder, it might be time to become\nfamiliar with one important abbreviation: SVR or Standard Variable Rate.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Ups and\ndowns<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>There\u2019s a good\nchance you\u2019ll be switched to an SVR when your existing mortgage deal comes to\nan end. Whether you currently have a tracker, fixed rate or discounted\nmortgage, being moved to an SVR might mean you end up paying over the odds,\nperhaps without even realising.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>This is because\nSVRs rarely offer the most competitive rates. The SVR interest rate is usually\nlinked to a percentage above the bank\u2019s base rate, which means it can rise and\nfall. As a result, you\u2019ll be more vulnerable to potential interest rate hikes\nin the future.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Switch and\nsave<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>In a complex\nenvironment, getting clear advice can really pay. If you\u2019re locked into a\nmortgage deal with exit charges, you don\u2019t have to wait until it ends: we can\nhelp you find a deal three or six months before your lock-in period finishes.\nAfter two Bank of England base rate cuts last year, mortgage rates have remained\nat record lows, so now could be the perfect time to see if you can save money\nby switching to a better rate.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>As a\nmortgage is secured against your home or property, it could be repossessed if\nyou do not keep up mortgage repayments.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Navigating the labyrinth of financial acronyms can leave even the savviest money managers with a headache. But if you are a mortgage holder, it might be time to become familiar with one important abbreviation: SVR or Standard Variable Rate. Ups and downs There\u2019s a good chance you\u2019ll be switched to an SVR when your existing [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":3069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/3068"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=3068"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/3068\/revisions"}],"predecessor-version":[{"id":3078,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/3068\/revisions\/3078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/3069"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=3068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=3068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=3068"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=3068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}