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Hope for all you Mortgage Owners CBS
pickles110564
Posts: 2,374 Forumite
I have posted a thread about CBS offering me a rate of 3.99% fixed for 5 years but have been called a liar and a wind up.
That has hurt me because I do not understand what I could have gained from this.
Hopefully this letter will give hope to everyone that the building societys will start passing on the rate savings to you all.
Good luck everyone
Pickles
the~
COVENTRY
TLC not PLC
OAKFIELD HOUSE BINLEY BUSINESS PARK BINLEY COVENTRY CV3 2TQ
Your ref:
Our ref:
Tel No: 0845 7665522
Fax No:
Date: November 2008
A new option for your Buy to Let mortgage
As you are aware, your current Buy to Let mortgage scheme comes to an end on 31 December 2008,
and we wrote to you in October regarding the options available to you.
Although you may have already responded to that letter, the recent Bank of England Base Rate
reduction means that the 0.75% Base Rate Tracker that your Buy to Let mortgage would naturally
mature onto on 1 January 2009 would be 3.75%.
The Base Rate is now at its lowest level since 1955, which means your Base Rate Tracker mortgage
will give you a great deal. Also, your mortgage rate will follow any further cuts, without any floor on the
product, meaning that your monthly payment could reduce still further.
Alternatively, you may wish to take advantage of this low rate environment and consider fixing both
your rate and your monthly payment for the next five years. This provides peace of mind should
interest rates startto ri-se in- future years.
We have created the following product exclusively for maturing customers:
• 3.99% Fixed for five years.
Full details of this product are on the back of this letter. Please be aware that to secure this product
for 1 January 2009, you must return your paperwork as soon as possible. We do, however, guarantee
to keep the offer open until 5 December 2008.
Please note, you will not be charged a fee for transferring to this product. However, if you apply for it
and subsequently decide not to proceed, we will charge you a fee of £199 to cover the costs we have
incurred in securing the funds relating to this product.
We’re ready to help you review your options and find the right product for you. Please call our
Customer Service Centre on the number above quoting reference and we’ll be happy to
help.
Yours sincerely -
Keith Williams
Manager - Direct Sales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Customer Service Centre hours are Monday to Friday 8am-Spm, Saturday 9am-Spm and Sunday lOam-4pm,
Please contact your service provider for details of charges, as call costs may vary.
Society is authorised and regulated by the Financial Services Authority (FSA reference number t50892t The Society introduces only
to the Norwich tJriion Marketing Group, ~
nbero of which are authorised and regulated by the Financial 5e~ices Authority. Member of The Building Societies Association.
Shares and Deposits are Trustee Investments.
To maintain a quality service, calls made to and from the Society maybe monitored and recorded. 0X18855 Cov2 www.thecoventry.co.uk
Coventry Building Society. Regiotered Office: Economic House, PG Boa 9. High Street. Coventry CV~ SON. INVESTOR IN PEOPLE
B nnnnnn
3.99% five year fee-free Fixed Rate mortgage
• A 3.99% Fixed Rate mortgage to 31.12.13, current applied rate 3.99%
• Followed by Privilege Rate for the remaining term of your mortgage, current applied
rate 5.24% (variable) from 01.01.14
• The overall cost for comparison is 4.8% APR
• Early Repayment Charges of 4% of the balance repaid apply until 31.12.13
• No booking fee
• No arrangement fee
• Daily interest
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON
YOUR MORTGAGE.
That has hurt me because I do not understand what I could have gained from this.
Hopefully this letter will give hope to everyone that the building societys will start passing on the rate savings to you all.
Good luck everyone
Pickles
the~
COVENTRY
TLC not PLC
OAKFIELD HOUSE BINLEY BUSINESS PARK BINLEY COVENTRY CV3 2TQ
Your ref:
Our ref:
Tel No: 0845 7665522
Fax No:
Date: November 2008
A new option for your Buy to Let mortgage
As you are aware, your current Buy to Let mortgage scheme comes to an end on 31 December 2008,
and we wrote to you in October regarding the options available to you.
Although you may have already responded to that letter, the recent Bank of England Base Rate
reduction means that the 0.75% Base Rate Tracker that your Buy to Let mortgage would naturally
mature onto on 1 January 2009 would be 3.75%.
The Base Rate is now at its lowest level since 1955, which means your Base Rate Tracker mortgage
will give you a great deal. Also, your mortgage rate will follow any further cuts, without any floor on the
product, meaning that your monthly payment could reduce still further.
Alternatively, you may wish to take advantage of this low rate environment and consider fixing both
your rate and your monthly payment for the next five years. This provides peace of mind should
interest rates startto ri-se in- future years.
We have created the following product exclusively for maturing customers:
• 3.99% Fixed for five years.
Full details of this product are on the back of this letter. Please be aware that to secure this product
for 1 January 2009, you must return your paperwork as soon as possible. We do, however, guarantee
to keep the offer open until 5 December 2008.
Please note, you will not be charged a fee for transferring to this product. However, if you apply for it
and subsequently decide not to proceed, we will charge you a fee of £199 to cover the costs we have
incurred in securing the funds relating to this product.
We’re ready to help you review your options and find the right product for you. Please call our
Customer Service Centre on the number above quoting reference and we’ll be happy to
help.
Yours sincerely -
Keith Williams
Manager - Direct Sales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Customer Service Centre hours are Monday to Friday 8am-Spm, Saturday 9am-Spm and Sunday lOam-4pm,
Please contact your service provider for details of charges, as call costs may vary.
Society is authorised and regulated by the Financial Services Authority (FSA reference number t50892t The Society introduces only
to the Norwich tJriion Marketing Group, ~
nbero of which are authorised and regulated by the Financial 5e~ices Authority. Member of The Building Societies Association.
Shares and Deposits are Trustee Investments.
To maintain a quality service, calls made to and from the Society maybe monitored and recorded. 0X18855 Cov2 www.thecoventry.co.uk
Coventry Building Society. Regiotered Office: Economic House, PG Boa 9. High Street. Coventry CV~ SON. INVESTOR IN PEOPLE
B nnnnnn
3.99% five year fee-free Fixed Rate mortgage
• A 3.99% Fixed Rate mortgage to 31.12.13, current applied rate 3.99%
• Followed by Privilege Rate for the remaining term of your mortgage, current applied
rate 5.24% (variable) from 01.01.14
• The overall cost for comparison is 4.8% APR
• Early Repayment Charges of 4% of the balance repaid apply until 31.12.13
• No booking fee
• No arrangement fee
• Daily interest
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON
YOUR MORTGAGE.
0
Comments
-
Do we need 2 threads on this?0
-
-
Why does it bother you so much?
0 -
FungusFighter wrote: »Why does it bother you so much?
Alot of people on here are so very doom and gloom worrying people for no logical reason that I can see, all I want to do is spread a little joy and peace to all my fellow cyber junkies.:T0 -
Maybe it's not so much what you say but who you are and how you say it. Someone who comes across as a smug BTL LL is hardly going to go down well whatever they say IMO.pickles110564 wrote: »Alot of people on here are so very doom and gloom worrying people for no logical reason that I can see, all I want to do is spread a little joy and peace to all my fellow cyber junkies.:T0 -
pickles110564 wrote: »Alot of people on here are so very doom and gloom worrying people for no logical reason that I can see, all I want to do is spread a little joy and peace to all my fellow cyber junkies.:T
No logical reason? I'd hate to be around when you decide there are logical reasons to worry.
I'm glad you got a good mortgage offer, but quite frankly I couldn't care less and we really don't need 2 threads in which you can gloat about this.
That is all.0 -
pickles110564 wrote: »I have posted a thread about CBS offering me a rate of 3.99% fixed for 5 years but have been called a liar and a wind up.
That has hurt me because I do not understand what I could have gained from this.
Hopefully this letter will give hope to everyone that the building societys will start passing on the rate savings to you all.
Good luck everyone
Pickles
the~
COVENTRY
TLC not PLC
OAKFIELD HOUSE BINLEY BUSINESS PARK BINLEY COVENTRY CV3 2TQ
Your ref:
Our ref:
Tel No: 0845 7665522
Fax No:
Date: November 2008
A new option for your Buy to Let mortgage
As you are aware, your current Buy to Let mortgage scheme comes to an end on 31 December 2008,
and we wrote to you in October regarding the options available to you.
Although you may have already responded to that letter, the recent Bank of England Base Rate
reduction means that the 0.75% Base Rate Tracker that your Buy to Let mortgage would naturally
mature onto on 1 January 2009 would be 3.75%.
The Base Rate is now at its lowest level since 1955, which means your Base Rate Tracker mortgage
will give you a great deal. Also, your mortgage rate will follow any further cuts, without any floor on the
product, meaning that your monthly payment could reduce still further.
Alternatively, you may wish to take advantage of this low rate environment and consider fixing both
your rate and your monthly payment for the next five years. This provides peace of mind should
interest rates startto ri-se in- future years.
We have created the following product exclusively for maturing customers:
• 3.99% Fixed for five years.
Full details of this product are on the back of this letter. Please be aware that to secure this product
for 1 January 2009, you must return your paperwork as soon as possible. We do, however, guarantee
to keep the offer open until 5 December 2008.
Please note, you will not be charged a fee for transferring to this product. However, if you apply for it
and subsequently decide not to proceed, we will charge you a fee of £199 to cover the costs we have
incurred in securing the funds relating to this product.
We’re ready to help you review your options and find the right product for you. Please call our
Customer Service Centre on the number above quoting reference and we’ll be happy to
help.
Yours sincerely -
Keith Williams
Manager - Direct Sales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Customer Service Centre hours are Monday to Friday 8am-Spm, Saturday 9am-Spm and Sunday lOam-4pm,
Please contact your service provider for details of charges, as call costs may vary.
Society is authorised and regulated by the Financial Services Authority (FSA reference number t50892t The Society introduces only
to the Norwich tJriion Marketing Group, ~
nbero of which are authorised and regulated by the Financial 5e~ices Authority. Member of The Building Societies Association.
Shares and Deposits are Trustee Investments.
To maintain a quality service, calls made to and from the Society maybe monitored and recorded. 0X18855 Cov2 www.thecoventry.co.uk
Coventry Building Society. Regiotered Office: Economic House, PG Boa 9. High Street. Coventry CV~ SON. INVESTOR IN PEOPLE
B nnnnnn
3.99% five year fee-free Fixed Rate mortgage
• A 3.99% Fixed Rate mortgage to 31.12.13, current applied rate 3.99%
• Followed by Privilege Rate for the remaining term of your mortgage, current applied
rate 5.24% (variable) from 01.01.14
• The overall cost for comparison is 4.8% APR
• Early Repayment Charges of 4% of the balance repaid apply until 31.12.13
• No booking fee
• No arrangement fee
• Daily interest
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON
YOUR MORTGAGE.
who cares, i dont:p
confusedI am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
How did you mange that? I'm with CBS, one deal up at end of the month and looking for tips... would sell my soul for 3.99% over five yearsI don't like being a grown up and wish someone else could be responsible for a while....0
-
Gina_Jack_of_all... wrote: »How did you mange that? I'm with CBS, one deal up at end of the month and looking for tips... would sell my soul for 3.99% over five years
Phone them up and ask them. Lots of people have been offered this, though not me.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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