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Home / Mortgages / Existing customers

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.

Online video guide
Not sure what to do when your mortgage deal ends? Let us explain.

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

Am I eligible?

Get some advice

Calculators

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

 Already applied? What next...

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Call us on 0800 028 0639

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Copyright © 2009 Cheltenham & Gloucester plc. All rights reserved.

We are members of the financial Services Compensation Scheme and the Financial Ombudsman Service.

C&G mortgages are provided by Lloyds TSB Bank plc and administered by us, Cheltenham & Gloucester plc. Registered office: Barnett Way, Gloucester, GL4 3RL. Registered in England and Wales No.2299428. Cheltenham & Gloucester plc is authorised and regulated by the Financial Services Authority.

You must be at least 18 years old to take out a loan. Before agreeing a loan Lloyds TSB Bank plc will want to satisfy themselves about the suitability of your application. This will include assessing your ability to afford the payments and, normally, valuing the property.

* We may monitor and/or record telephone calls in case there's a need to check that your instructions have been carried out correctly and to help improve our service quality.

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