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Is your bank passing on the cut?
Comments
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Alliance and Leicester - Yes! Letter this morning - from 1st December.0
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Is that on the SVR? Where did you read that?Egg passing on cut in december. Goes to 3.99%
Ah no - I think you're talking about the tracker. That's not a benefit, they have to pass it on for a tracker.You've never seen me, but I've been here all along - watching and learning...:cool:0 -
Bradford and Bingley are passing on the full 1.5% as from the 7th December, a funny date to cut should have been from the 1st.SVR will fall to 5.59% from 7.09%.Confirmed by telephone.Cheers
Bainy
2009 Winnings: - 15.6" Dell Inspiron Laptop0 -
Had a letter the other day saying my Halifax mortgage will be going from 6.5% down to 5% in December.Mortgage owed = -£64,023.45
2009 mortgage savings £00 -
Skipton Building society's SVR
No - under review for the last 2 cuts which is 2%
Thanks Skipton0 -
Effective 1 December 2008, Chelsea Building Society standard variable rate will reduce to 6.94% with a further reduction to 5.79% effective 31 December 2008.
Hope this helps any Chelsea customers on SVR
Can I ask where you read this? I am not in the UK so my letters from Chelsea take a while to reach me - been checking their website and it states that their SVR is 7.24% (page last updated on 17th Nov)?0 -
Confirmed with Egg that they will be reducing the SVR by 1.5% in December, which will take effect from January's payment. That will bring the rate down to 5.29%, which I'm quite happy with.LongTermLurker wrote: »
I think you're talking about the tracker. That's not a benefit, they have to pass it on for a tracker.Originally Posted by AXZ222
Egg passing on cut in december. Goes to 3.99%
Slow though, damn slow :mad:You've never seen me, but I've been here all along - watching and learning...:cool:0 -
Can I ask where you read this? I am not in the UK so my letters from Chelsea take a while to reach me - been checking their website and it states that their SVR is 7.24% (page last updated on 17th Nov)?
Email received from them 20/11/2008
One of the usual broker update emailsI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Yes, Barclays Lifetime Tracker which is Base rate + 0.89%. I am told there is no collar so hope it keeps on shrinking.0
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