Better variable rate with more equity?

w00519772

At the end of a fixed period you move to the banks standard variable rate.

Does the standard variable rate vary depending on the equity you hold in the property? For example, if after the fixed rate period you have 40% equity then you get a variable rate of x% and if you have 10% equity then you get a variable rate of y% (where x% is a better rate than y%).

Does this apply if you start a new mortgage i.e. you get a better variable rate if you have more equity.

Flower1976

Hi there
I think you will need to check with your lender but those that I'm aware of don't have a different variable rate depending on you love ratio.
Hope that helps
Flower