One Account rates cut

DickDastardly_2

Browntoa wrote: »

see its made the money part of the Daily mail today , bit about them not pasing on the full cut again , page 43, right column

http://www.thisismoney.co.uk/mortgages/mortgages/article.html?in_article_id=466029&in_page_id=58


• One Account customers have again seen their mortgage rate cut by less than borrowers at parent firm RBS/Natwest.
The bank cut its standard variable rate by 0.25 percentage points - but One Account customers got just a 0.2 point reduction. In the past year base rate has fallen from 5.5% to 1.5%, but those in the One Account have missed out on 1.3 points of cuts - meaning an extra £1,212 a year interest for those with a typical £150,000 mortgage. Loans now start at 3.9%.

That is excellent publicity! More like that keeps the pressure up!:T

karanda

Well, now we are getting the truth - finally - about RBS's disasterous investment policy over the last couple of years! Effectively now the bank has been nationalised this morning. Not that it should make any difference to the outcome of our collective complaints to the Financial Ombudsman of course. I have just received a "holding" letter today from the FO - they confirm I should be hearing from them next month with their decision.

teabelly

They've cut by 0.2% from Feb 2nd. Their max current ltv is now 75% even though their paperwork is quoting up to 99%. I'd assume those people with a greater facility will be the first ones they try and cull....

russ295

the share price took another blow today, down to 10p at one point!

lrr_2

what happens if the bank does get gubbed? where do you get another mortgage from? i think they should give us our houses for nothing if that happens! ha ha

:rotfl: :rotfl: :rotfl: :rotfl:

bferg

Got a letter yesterday confirming that the rate will go down by 0.2% as of beginning of Feb.

Looks like they are in trouble!!!

Princess_Coupon

Has anyone else had the 0.2% reduction letter? nothing for me yet.

lrr_2

Princess_Coupon wrote: »

Has anyone else had the 0.2% reduction letter? nothing for me yet.

Got the letter last week

Mudbath

I got the letter yesterday.

musicegbdf

Spoke with the ombudsman service, they said they do not usually take on cases about interest rates unless it is a tracker. However, due to the exceptional circumstances they are taking on these cases. I have now submitted all my paper work. I suggest others do the same , the more that do so the better chance of some success. Don't be fooled that the rate reductions are good news, just remember rates will soon be going up again and what then ?