PTSB Mortgage - SVR & LTV??

Our 5 year fixed is about to end.
Just opened a letter from PTSB with iur "options" - Ha! :mad: - what a joke.
The best deal on offer is Loan To Value variable rate of 5.19%

My question is - what is the difference between Loan to Value Variable Rate and Standard Variable Rate?? Why have we not been offered a Standard Variable Rate?

Essentially, the LTV rate is the SVR at this institution.
They have a special SVR that they will give to people with equity in their house but they have to be 'new business' it seems.

Be thankful it's not the 5.9% in July and then 6.15% we were on last November!

Get involved in our campaign against this, the more people that do the better chance we have of being successful.

http://www.askaboutmoney.com/showthread.php?t=164767