Leaving the One Account - but to where?

yus786

No need to go on about how disappointed we are about the rate cut not being passed on to us etc etc

Like many have suggested - "Well why don't you leave!!"

I'm starting this thread for those who are thinking of leaving, and to where?

I'll start off. I'm looking at 2

1. The ING. Standard Variable rate of 4.84% and no fees whatsoever
2. The HSBC tracker. Base rate + 0.99% for the term, currently 3.99%

Mr._Nice

If you're still interested in offsetting, try First Direct.
Their SVR is 4.69% (well will be in December), £299 arrangement.

Digsy00

Hi
I've just left the One Account to go to Nationwide on their flexible rate. this tracks BOE and guaranteed not to exceed by more than 2%. Its not a tracker as they can vary the rate above BOE but it can't go above 2%.

No fee and very flexible. the FD/HSBC rates are also very good, but have a stricter income multiplier so couldn't use them as offered 15k short of current mortgage. which is a shame. Don't HSBC charge £799 for their current tracker offer. Given that its 0.7% less than Nationwide that's a whole year interest on 100k mortgage before you start to benefit.

yus786

Digsy00 wrote: »

Hi
Don't HSBC charge £799 for their current tracker offer. Given that its 0.7% less than Nationwide that's a whole year interest on 100k mortgage before you start to benefit.

That's a good point - thanks

Browntoa

Nationwide looks good as it goes....got an old bank account with them so the swap over can be painless

tajima1

Does anyone know what ING's max loan to value (LTV) is for the SVR mortgage?

Yorkshire_Bred

delete bad post

musicegbdf

Oh good thread . I'm about to start looking around. Must say for my circumstances right now offset is the best option , but come next year this might change. A friend at work has just gone with HSBC on the .99% tracker. They do charge high fees but he managed to get them to reduce them a few £100 ..
Am going to look around and pass on if I find something new...

Librettist

I currently have a One Account mortgage on a property that I rent out (due to being unable to sell) and am looking to switch providers but does anyone know if the rates mentioned in posts above (particularly FD/Nationwide) will still apply to me, or will I be stuck with those bandits at RBS?

belge75

tajima1 wrote: »

Does anyone know what ING's max loan to value (LTV) is for the SVR mortgage?

75% LTV max

http://www.ingdirect.co.uk/mortgages/our_mortgages/who_can_apply/who_can_apply.asp

finster

Mr._Nice wrote: »

If you're still interested in offsetting, try First Direct.
Their SVR is 4.69% (well will be in December), £299 arrangement.

Apart from the £299, it looks like there are other costs (legal, valuation etc). Anybody got any rough ideas on the total of these costs (I'm trying to work out whether its worthwhile switching from OA)?

Thanks.