The C&G Standard Variable Mortgage Rate is currently 4.00%.
What is the Standard Variable Mortgage Rate?
The Standard Variable Mortgage Rate (SVMR) is the default rate that applies at the natural end of a mortgage deal (unless you choose to move onto a new deal) and it's not available at any other time. This is common across the mortgage market.
The SVMR could be higher or lower than the rate you have been paying and may vary over the remaining term of your mortgage, but is guaranteed to be no more than 2% above the Bank of England base rate. If a change in the base rate means that we need to change the SVMR in order to fulfil the guarantee, then we will do so within 30 days of the change to the base rate.