Standard Variable Rate (SVR)
What lenders standard variable rates look like once an initial deal ends.
Bank of England Bank Rate
3.75%
Held at this level following the 17 September 2026 MPC meeting; SVRs are typically set several points above base rate.
Bank of England · checked 12 Oct 2026
Average standard variable rate (SVR)
6.58%
Bank of England average of the standard variable rates (which the Bank calls revert-to rates) UK lenders charged in September 2026. Borrowers usually move onto their lender's SVR when a fixed or tracker deal ends.
Bank of England · checked 12 Oct 2026
What's changed
- 6 October 2026 Average standard variable rate (SVR) fell from 6.58% to 6.58%.
- 18 December 2025 Bank of England Bank Rate fell from 4% to 3.75%.