Who pays SVR? Someone does otherwise none of the banks would report or quote it. Maybe the large volume of existing mortgage holders who are financially illiterate, can't be bothered or too lazy or naive to check what they are paying.
Havent you read about banks mistreating their loyal customers. Look at your own example, you had to be prompted by Eagle to check your rate, which you said yourself is 1.5% higher than what you could be getting.
Look at your own example, you had to be prompted by Eagle to check your rate, which you said yourself is 1.5% higher than what you could be getting.
