What is a Standard Variable Rate?

With most Irish mortgage lenders you will end up choosing a Fixed rate for an initial period of 1 to 10 years.

When this initial fixed rate ends you will revert to the mortgage lenders Standard Variable Rate or SVR.

The SVR is normally higher than fixed rates which means more expensive and higher monthly repayments. If you end up on your mortgage lenders Standard Variable rate then it is really important to review your options and consider switching mortgage lenders.

Apply Online and one of our experience mortgage advisers will talk over your options.