SVR customers are being 'squeezed by lenders' | Mail Online
With many borrowers trapped on Standard Variable Rate (SVR) mortgages, consumer group Which? warns that a rate increase could leave thousands of households in financial difficulty.
Research from Which? showed that 95 per cent of lenders failed to fully pass on cuts in the base interest rate to their SVR mortgage customers.
More than a fifth of lenders have increased their SVR since the base rate hit an all-time low of 0.5 per cent in March 2009.
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