Standard Variable Mortgage Rate

The C&G Standard Variable Mortgage Rate (SVMR) is currently 2.50%.

  • Only applies at the natural end of an existing deal and if you originally applied for that deal before 1 June 2010*
  • Guaranteed to be no more than 2% above the Bank of England bank rate**

The SVMR could be higher or lower than the rate you have been paying and may vary over the remaining term of your mortgage.

Current C&G mortgage deal ending?

Use our switching calculator to work out what your payments could be.

*For C&G mortgage deals applied for on or after 1 June 2010, different variable rates apply at the end of the deal. You can find out more here.

**If a change in the base rate means that the Standard Variable Mortgage Rate needs to change in order to fulfil the guarantee, then it will be changed within 30 days of the change to the base rate.

When does it apply?

The SVMR only applies at the natural end of a fixed rate, tracker or other special deal period – not if you come off a deal early. Also, it’s relevant only to deals that were applied for before 1 June 2010*.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Next steps

Eligibility

Am I eligible?

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Calculators

Calculators

How much will I pay each month?
How much could I borrow?
Looking to switch?

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