High SVRs are mad and mean lenders will lose business

I was intrigued to read that Moneysupermarket.com’s research seems to show the majority of borrowers would be better off remortgaging.

It appears to me that there will be casualties in the industry as lenders with the highest SVRs are priced out of the market. It’s ludicrous to charge high SVRs when the base rate is just 0.5%.

I wonder how hard or easy it will be for self-cert mortgage holders to remortgage when there have been no changes in their circumstances, and at what rate.

It just goes to show that brokers are still valuable.

NAME AND ADDRESS SUPPLIED