SVRs preferred in low-rate climate - Finance & Money Forums

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SVRs preferred in low-rate climate

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08-19-2009, 12:02 AM

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SVRs preferred in low-rate climate

Homeowners increasingly prefer to stick with a standard variable rate (SVR) mortgage rather than taking out a fixed-rate deal.Research by Unbiased.co.uk found 27% of homeowners are now on an SVR mortgage, compared with 23% earlier this year.A quarter of those on an SVR mortgage said they have no immediate plans to switch to a fixed-rate [...]

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