Base Rate | Jargon Buster on Chase De Vere Mortgage Management

Base Rate | Jargon Buster on Chase De Vere Mortgage Management

Base Rate

Base Rate

In other words

The Bank Of England sets the Base Rate. This rate differs from the lender Standard Variable Rate which is higher than Bank Base.

Definition

The Bank Of England sets the Base Rate. This rate differs from the lender Standard Variable Rate which is higher than Bank Base. Tracker rates often track this rate by a set margin.

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Your home may be repossessed if you do not keep up repayments on your mortgage. Depending on your circumstances, we charge up to 1.5% of the loan amount for residential mortgages and up to 2.5% for buy-to-let mortgages.

The actual amount you pay will reflect any commissions we receive from the lender.

Authorised and regulated by the Financial Services Authority in respect of advising on and arranging residential mortgages and general insurance only.

The Financial Services Authority does not regulate buy-to-let, second charge or commercial mortgages. FSA authorisation number: 304777.

Chase De Vere Mortgage Management, St. James House, 23 King Street, London, SW1Y 6QY | Registered in England No. 2788320

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