Variable mortgage rates

The Homeowner Variable Rate

• The Homeowner Variable Rate (HVR) is currently 3.99%.

The Homeowner Variable Rate (HVR) is relevant to all current Lloyds TSB mortgages, except for buy-to-let mortgages. This is the rate that will apply when your initial deal period ends, if you applied for a mortgage deal on or after 1 June 2010.

If you applied for a mortgage before this date, your mortgage will move onto the Standard Variable Mortgage Rate.


The Buy-to-Let Variable Rate

• The Buy-to-Let Variable Rate (BTLVR) is currently 4.84%.

The Buy-to-Let Variable Rate (BTLVR) is relevant to all current Lloyds TSB Buy-to-let mortgages. This is the rate that will apply when your initial deal period ends, if you applied for a Buy-to-let mortgage deal on or after 1 June 2010.

If you applied for a Buy-to-let mortgage before this date, your mortgage will move onto the Standard Variable Mortgage Rate.

At a glance

• You’ll move onto these rates at the end of any mortgage deal you applied for on or after 1 June 2010, unless, when that deal ends, you decide to switch to a new deal instead.
• These are variable rates, so your payments can go up and down.
• There are no early repayment charges with the above rates, so you are free to repay all or part of your mortgage at any time.
• They are only available when you get to the end of a fixed-rate, tracker or other special deal period, not at any other time.
• Unlike the Standard Variable Mortgage Rate, neither Homeowner Variable Rate nor Buy-to-Let Variable Rate are guaranteed to be no more than 2% above the base rate.
• When your deal ends your interest rate will move onto the Homeowner or Buy-to-Let Variable Rate which could be higher or lower than the rate you have been paying and may vary over the remaining term of your mortgage.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE