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Royal Bank of Scotland says it will not cut its SVR which is 4%
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# 1
chrissoton
Old 06-03-2009, 2:45 PM
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Default Royal Bank of Scotland says it will not cut its SVR which is 4%

F#@k/$g thieves
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# 2
_Andy_
Old 06-03-2009, 2:47 PM
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Not really - they're not obliged to pass on the cut so in what way are they stealing from you?
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# 3
windswept
Old 06-03-2009, 3:39 PM
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I can't believe that people are actually moaning about having to pay 4% on their mortgage! You should be thankful the rate isn't 15 bloody percent , as it has been in the not too distant past - you'll really have something to compain about if it reaches that level again.
I feel sorry for people retiring this year and trying to find a half decent annuity with a pension pot that's probably halved in value.
If you think you're hard done by now, god help you in a few months when rates shoot up again. Get a grip.
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# 4
Joeskeppi
Old 06-03-2009, 4:10 PM
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4% isn't bad, really.
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# 5
Peelerfart
Old 06-03-2009, 4:16 PM
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Quote:
Originally Posted by Joeskeppi View Post
4% isn't bad, really.
I bet there's quite a few here who would like 4% .
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# 6
CRUISEMAN
Old 06-03-2009, 4:20 PM
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It is likely that RBS will be trying to protect savers and not robbing from anyone! A SVR of 4.00% is low enough...what is a travisty is savings rates of less than 1.00%!!
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# 7
Joeskeppi
Old 06-03-2009, 4:35 PM
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Quote:
Originally Posted by Peelerfart View Post
I bet there's quite a few here who would like 4% .
Yeah, me for a start
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# 8
hearts
Old 06-03-2009, 5:50 PM
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I must say I have some sympathy with the OP. If they were going up as quick as they are coming down, I bet they wouldn't be saying " We are not raising our rates in line with the recent rise" ;-)
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# 9
dannykos
Old 06-03-2009, 6:39 PM
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but as someone pointed out to me recently - the SVRs can't always go up in line, and come down less - as sooner or later the margin grows too wide. I predict that if rates rise by 3% over the next 3 years - that the average SVR will actually only go up by 2-2.5%
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# 10
b0rker
Old 06-03-2009, 7:12 PM
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I am currently with Northern Rock and am paying 6.99% until September 2009.

Northern Rocks SVR is currently 4.79.

If it is 4% by September I will be overjoyed.

I would not really expect it to go any lower considering the government intervention etc.

RBS is in a very similar position.
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# 11
hearts
Old 07-03-2009, 12:14 AM
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Quote:
Originally Posted by dannykos View Post
but as someone pointed out to me recently - the SVRs can't always go up in line, and come down less - as sooner or later the margin grows too wide. I predict that if rates rise by 3% over the next 3 years - that the average SVR will actually only go up by 2-2.5%

Yep this is likely. I mean we all know how trustworthy the banks are ;-)
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