The Mortgage Business

leejohnson2007

Does anyone know TMB's SVR?

_Andy_

Have you rung them and asked?

Peelerfart

_Andy_ wrote: »

Have you rung them and asked?

How long you been such a radical thinker then ? :rotfl:

_Andy_

Peelerfart wrote: »

How long you been such a radical thinker then ? :rotfl:

I just like to push the boundaries. Bit of a maverick.

leejohnson2007

Thank you for your advice. I had become bored with waiting on hold with TMB therefore asked the Forum. Their SVR is 4.84%, which compared witht he Lloyds Group of 2.5% is extortionate. Do we have any right to question this?

_Andy_

An SVR can be whatever the lender wants, so no.

Euphoria1z

im with TMB also and from next month im going on their svr aswell, i also think 4.84 is very high compared with the rest. but i think its high coz maybe its a sub prime lender?

anyway, the svr is a kool 4.34% above base rate. wot id like to know is this...

when interest rates go to say 3% will their svr then go to 3 + 4.34 = 7.34%?
and if base rate goes to 5% then their svr will be 9.34%????

cheers.

leejohnson2007

I hope not!

LeeSouthEast

But potentially.