Have Natwest pulled the offset flexible mortgage?

wharty

The reason i ask is i cant find it on their website anymore.
I have this mortgage myself and have been lucky to get the first rate cut and now the full 1.5% cut too so its now 4.45%.
My thinking is they have scrapped it for new customers seeing as it is such a good rate.

minimike2

Yes they have.

wharty

Blimey where did you find that out minimike2?

minimike2

We were emailed by RBS today to say that it was being suspended for new clients.

Plus my partner works for NatWest, so I find these things out

feisty1

The One account – temporary withdrawal of current account mortgage
We are temporarily withdrawing The One Account current account mortgage from sale with effect from 5pm on Friday 7 November.

wharty

Thanks for the reply mate. I will keep you in mind when i need some inside info then;)

tiptoptrump

What are the Natwest up to. I have had the offset mortgage only three months and I was cold called by them yesterday, trying to tempt me out of the arrangement with 'advanced notice' of some juicy money saving new fixed rate morgages.
Where's the trust.

Browntoa

they have been stalling on announcing the interest rate cut of 1.5 % from the other week

methinks they are not making any money out of it an want to encourage people to shift

I'll shift if need be but not stay with them

Browntoa

still live on the RBS site for some reason

http://www.oneaccount.com/onev3/apply/apply-landing.shtml

minimike2

tiptoptrump wrote: »

What are the Natwest up to. I have had the offset mortgage only three months and I was cold called by them yesterday, trying to tempt me out of the arrangement with 'advanced notice' of some juicy money saving new fixed rate morgages.
Where's the trust.

You were not "cold called" by them. you have an existing ongoing relationship with them.

I see nothing wrong with being offered an alternative........if you want to keep the offset, then keep it. What is the issue? Its nothing to do with trust.

carrottopsuk

minimike2 wrote: »

We were emailed by RBS today to say that it was being suspended for new clients.

Plus my partner works for NatWest, so I find these things out

Hi Minimike,

Sorry to be cheeky, just wondering with your connections whether you've heard anything on the grapevine about Natwest lowering the interest rate for offset mortgages? ie when they would make a decision about lowering them or not.

Thanks