One Account rates cut

yus786

Insider_knowledge wrote: »

Can someone tell my the facebook group name for the One Account holders?

yeah i would like to join too.

Insider_knowledge

I just spent 20 min waiting for them to answer my call. I was reviewing my account statements, from 20/10/08 to the 02/11/08 I was paying 6.70% on a less than 75% LTV mortgage (it had been 6.45 previously), then from 03/11/08 I was paying 6.20% same LTV.
I have no idea why it went up for that period, I am well ahead of my guide.
So I should now be paying 5.20%? and possible 4.20% in January if they apply today's cut in full?
I am really frustrated about this, my loan has not increased since I opened the account, just my rate seems to fluctuate.
Argghhhh ;(

Insider_knowledge

I found a facebook page called - Declaration by Enlightened Customers Against Mortgage Profiteering (DECAMP)
Not sure if this is the page quoted in the article...

Juno_Moneta

Assuming there is a cut today, we can only base our expectations on past experience.

Therefore One rates will likely be 'under review' all through December and then they will pass on half of the cut with effect from 1st jan.

Is everyone prepared for another month of this?

So keep an eye on the bbc for the announcement at noon then go straight to one live chat and ask what they will be doing.

One have the power to shock and please us with a quick decision, lets hope they take full advantage of this opportunity... Otherwise the MSE and Facebook campaign will grow and grow!

malocao

Insider_knowledge wrote: »

I found a facebook page called - Declaration by Enlightened Customers Against Mortgage Profiteering (DECAMP)
Not sure if this is the page quoted in the article...

Yep that's the one.

jackarmy

This publicity is great news.

Now watch RBS close down the One Account!

malocao

RBS's response quoted in the Guardian is grossly misleading:

woodam1963 wrote: »

A spokeswoman said One account holders had benefited from a half-point cut effective last month.

That 0.5% reduction (on 3rd Nov) passed on the previous base rate cut (from 5.0% to 4.5% on 8th Oct). It had nothing to do with the 1.5% base rate cut (which happened on 6th Nov). RBS obviously knows those dates, so how dare they put up the other 0.5% as justification?

Regards

malocao

Would Tony or someone like to make this point to Rupert Jones at the Guardian? I can't do this myself

Insider_knowledge

Is it possible to comment on the article in The Guardian? I have registered but it seems it isn't, am I going mad?
Don't be surprised if they close it down, not sure what our position would be, but it wouldn't be the first time they did it, I can think of several products taken offline.
Would we have to move our mortgages?

Juno_Moneta

HBOS have just confirmed they will pass on any cut today in full