Following the decision by the Monetary Policy Committee to increase the Bank of England base rate, Kent Reliance has undertaken a review of their current mortgage interest rates. This has resulted in their decision to increase the Residential and Buy to Let Standard Variable Rate (SVR) by <b>0.25%</b> effective from <b>1 December 2017.</b></span></p>
The change will affect any Kent Reliance customers currently on their Standard Variable Rate (SVR) from the beginning of December 2017.
While they have increased their Standard Variable Rate (SVR) they have made no other changes to their current product range (at the time of writing).
With Kent Reliance’s variable rate being considerably higher than the fixed and tracker rates currently available it is important to check you are getting the best deal for your circumstances. Overpaying on a high SVR could potentially cost you hundreds or even thousands of pounds in additional interest charges.
Whether you have a perfect credit score or a bad credit report, we would love to hear from you. For a free mortgage review contact Plus Financial Solutions today on 01604 328 091.