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Robyn Hall
Just Retirement is going on the road over the next few months. This seminar is in London.
Area Sales Manager - Financial Services - London
North London
Mortgage Consultant / Mortgage Adviser - Fulham
South London
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Industry in depth
SVR warning for brokers
3 February, 2010
Mortgage advisers need to be aware of the fact that standard variable rates (SVRs) are potentially on the increase.
This is the opinion of Dean Jones, head of Paaleads.com, who said: "This week we have seen three providers increase their SVRs including Skipton BS by 1.45% to 4.95%, Holmesdale BS by 0.35% to 4.89% and Norwich & Peterborough BS by 0.50% to 5.35%. With SVRs having been at low levels for some time, this shift by building societies could be early warning that banks will soon follow suit and raise their SVRs.
”Brokers should be mindful of those providers still offering competitive SVRs and look to secure fixed rates for their clients before there is a more whole scale shift to higher level SVRs."
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