Analysis from moneysupermarket.com suggests that borrowers on the majority of standard variable rate (SVR) deals would be wise to consider switching.

This is in light of the SVR increases by a number of building societies and the likelihood of others following suit.

Hannah-Mercedes Skenfield, mortgages channel manager at moneysupermarket.com, said: “Since the start of the ‘credit crunch’ the remortgage market has