Rbs Svr ???

hermanmunster_3

Hi RBS have changed the website so much over the last few days that I can't even find what they are quoting as their SVR. they are offering no offest / tracker or indeed any flexible mortgages at all. Fixed only!!!!

Anyone know what is happening to the SVR??

ALIBOBSY

On the news they stated rbs/natwest were dropping the full 1.5 but only from 1st dec.

ali x

wharty

The offset has been suspended to new clients.

Bf109

Since the government has disallowed any profits from flexible, tracker or offset mortgages, they have been withdrawn.

Hardly suprising now, is it?

carrottopsuk

Does this mean if you have an existing RBS offset mortgage that you will get the 1.5% rate cut or is this just for some of their other mortgages? Thanks (Sorry I'm not clear whether it comes under SVR or not (I'm not that technical lol) I haven't been able to find anything)

wharty

carrottopsuk wrote: »

Does this mean if you have an existing RBS offset mortgage that you will get the 1.5% rate cut or is this just for some of their other mortgages? Thanks (Sorry I'm not clear whether it comes under SVR or not (I'm not that technical lol) I haven't been able to find anything)

Yes you do i am on the natwest offset flexible mortgage and i have had both cuts in full, so down from 6.45% to 4.45% on 1st December.

hermanmunster_3

carrottopsuk wrote: »

Does this mean if you have an existing RBS offset mortgage that you will get the 1.5% rate cut or is this just for some of their other mortgages? Thanks (Sorry I'm not clear whether it comes under SVR or not (I'm not that technical lol) I haven't been able to find anything)

Glad you asked this !! I haven't been able to find anything about it in writing yet - they seem to treat offsets slightly differently from other mortgages when it somes to rate reductions. I'm deffo hoping that it will be down to 4.45%

carrottopsuk

wharty wrote: »

Yes you do i am on the natwest offset flexible mortgage and i have had both cuts in full, so down from 6.45% to 4.45% on 1st December.

Thanks for this.

magburner

wharty wrote: »

Yes you do i am on the natwest offset flexible mortgage and i have had both cuts in full, so down from 6.45% to 4.45% on 1st December.

Where did you get this from - I spoke to them and they said their SVR was bown 1.50% but that Offset was under review?

carrottopsuk

magburner wrote: »

Where did you get this from - I spoke to them and they said their SVR was bown 1.50% but that Offset was under review?

Thanks for this. Fingers crossed that they give us the 1.50%

Middo

wharty wrote: »

Yes you do i am on the natwest offset flexible mortgage and i have had both cuts in full, so down from 6.45% to 4.45% on 1st December.

Wow ...how have you managed this?

I have spoken to Natwest three times about my offset mortgage and they are adamant that the rate is definately not being reduced from 6.45%.