One Account rates cut

Yorkshire_Bred

I have added mine........ more grist to the mill!

tajima1

RCG99 wrote: »

yep me too. C'mon everyone, pile in and give it to them good and proper:D

Just done it!

tajima1

teabelly wrote: »

If it cuts rates to below an economic level then it will go bust. Then we'll all have to say good bye to the most flexible mortgage product in the entire market, so careful what you wish for!

Once you factor in the cost of remortgaging every couple of years the one account is a lot more competitive than it first appears.

If you don't like what they are doing then leave. No-one is being forced to stay with them. It is annoying but they did change their terms and conditions to basically reflect the BOE is no longer a barometer of the costs of lending.

According to my O level maths, their current rate is in no way competitive. What I "wish for" is information and not delaying tactics. Re-mortgaging to ING direct, at 4.8ish% for example is entirely free. Isn't Libor now down to under 4% anyway? I am more concerned about the customers who don't rate them as highly as you do but cannot re-mortgage due to LTV limits etc. If you choose to stay and accept current rates as a cost of flexibility you must place a very high value on it! Best of luck!

Johnkg

teabelly wrote: »

If it cuts rates to below an economic level then it will go bust.

True, but they do have to offer a COMPETITIVE product. If they remain uncompetitive then I'm off. Simple as

diamondbubbles

I have sent my thoughts to the BEEB too!

Princess_Coupon

Added my comment
"I am disgusted at the way RBS has treated some of it's motgage customers. They announced a full 1.5% rate cut to ALL it's customers, this is not the case I am one of 175,000 One Account customers on a standard variable rate that has received no rate cut (the One Account is an RBS product) many Natwest customers (also an RBS product) are in the same position. With the government and so taxpayers as a major stakeholder the public will have taken great interest in the announcement by RBS to reduce their rates which I feel is grossly misleading."

Princess_Coupon

Taken from OA website


With the One account you pay 6.20%


Compared to typical rates 6.50%
in the market



If they are not going to update their rates, they should at least update the competitions!

JGP

Also sent thoughts to BBC but not sure if they will publish them?

serendipity101

Maybe it's time to contact Nikki Campbell at TV's "WATCHDOG":T
I second that idea.

Princess_Coupon

I have a suggestion
Someone posted Alistair Darlings email earlier on the thread, I suggest we all email him the same email, same text same title if his inbox has hundreds of the same email but from all different addresses surely it will be read by someone? is there anyone eloquent and willing to draft an email and post it then we can all just copy, paste and send.
We could all copy and paste the same email to watchdog, and all the newspapers (the addresses were posted earlier on the thread too) surely then someone will read it.