About this product
Santander has two distinct reversion rates. Its Standard Variable Rate is set by the lender; its Follow-on Rate tracks Bank Rate. Which applies after a deal ends depends on when the mortgage deal was applied for. Check your mortgage offer.
Advantages
- No product fee on SVR or Follow-on Rate
- No early repayment charge on these rates
Things to consider
- Payments can change; SVR and Follow-on Rate move under different rules
- Compare the total cost with any new deal available to you
Regulation and protection
Authorised by the Prudential Regulation Authority and regulated by the FCA and PRA for mortgage lending. Your home may be repossessed if you do not keep up repayments.