Standard variable rate mortgages range from a high of 12.5% charged by Cheshire Mortgage Corporation to a low of 2% from Direct Line, according to research by Largemortgageloans.com. The industry average is 4.79% across 62 lenders.

GE Money Home Lending’s igroup charges the second highest SVR at 8.59%, while Lloyds, Nationwide and Cheltenham & Gloucester are joint second lowest at 2.50%.

Cheshire Mortgage Corporation, which is part of the Blemain Group, offers adverse residential mortgages, shared ownership and bridging finance.

Building societies tend to have the highest SVRs, the research found.

Last week Nationwide increased the SVR on residential and self-certification mortgages with The Mortgage Works, and increased the SVR for some UCB Homeloans customers.

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