Once your fixed term has come to an end you will continue making payments but on a variable rate which we call the "follow on rate".
At Molo, we refer to the SVR as our follow-on rate that your mortgage will switch to once your initial fixed rate mortgage deal finishes.
All of our mortgage products will switch to a follow-on rate when your initial deal finishes, we will calculate the interest rates on our loans at a % above the Bank of England base rate.
You will find out more details about the follow on rate on your Mortgage Illustration and your Mortgage Offer documents.