SVR warning for brokers

Nia Williams

February 3, 2010

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.

ā€¯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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