Is your bank passing on the cut?

popculturegirl

Bristol and West - passed on 1.1%, and 0.5% last month. SVR is now 5.49% which makes me happy as my fixed at 5.39% end in december - now i only have a £7 increase a month!

teeni

son has nationwide mortgage ( im mortgage free luckily) He has had a letter today advising new rate is 4.69 % He is very happy.

WestonDave

Interestingly to contradict a previous posting First Direct told me this morning on the phone that their SVR has not yet been reduced and is still under review. Either the letters people are getting actually relate to trackers or something wierd is going on!

mitchec1

Millie's_Mum wrote: »

Yes First Direct standard variable rate is now 4% on my offset so I'll be paying a bit more off for a while, yippee!

Your offset mortgage guarentee's that it will not be above 1% of the BOE base rate, the SVR for FD is still under review and still at 5.5%.

mitchec1

WestonDave wrote: »

Interestingly to contradict a previous posting First Direct told me this morning on the phone that their SVR has not yet been reduced and is still under review. Either the letters people are getting actually relate to trackers or something wierd is going on!

No SVR is still 5.5% at the moment only those of us with an offset mortgage or tracker have had the cut passed on.

Nothing weird go. See my previous post

WestonDave

But I have an offset mortgage!

Isleman

Standard Life is still scratching under the hat.They got this anouncement on their website since the 1.5 cut
"The Bank of England reduced bank base rate to 3.00% on 6th November 2008. As a result, we are reviewing the Standard Life Bank standard variable rate, which is currently 6.59%"
Luckily I have got time to wait as my fixed is runing out in April but I would not be pleased if it would end this month.

Riog

msc1977 wrote: »

Nothing as yet from Accord - part of YBS - who i also note havent reduced on their website either.

What a suprise :mad:

smiths84

..by 0.81 per cent to 4.69 per cent.

not the full cut but can't complain really...

mitchec1

WestonDave wrote: »

But I have an offset mortgage!

As long as you didn't fix it originally and then go onto an SVR you should be on the same offset deal as I am.


SVR for First Direct now 4.69% a cut of 0.81

see http://www.firstdirect.com/base_rate_faqs.shtml?WT.ac=FSDT_HS_OM0422