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Leeds Building Society Mortage Rate Reduction
Comments
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By way of an 'update', here's a response I received today from Leeds. I have a SVR of around 7%
*******
Thanks for your email,
I can confirm that on the 1st of December the Society reduced it's
standard variable rate to 5.94% following the Bank of England reductions
in October and November.
The SVR is currently under review following last weeks BofE reduction.
Kind regards,
Direct Mortgages
Leeds Building Society
*******
We're being taken for mugs and we can't do a damn thing about it. Makes me so angry.I've lost over 100lbs in two years, I can be debt free too.0 -
I agree. If the rate went up I'm pretty sure they'd ammend it a lot quicker than this, but when it goes down we've got to wait ages. And there's not a thing we can do about it. It makes me furious.DMP Mutual Support Thread Member No 19017/05/08 - Total on DMP: £10025.7007/05/14 - Total on DMP: £1666.20 DFD: July 2017!!Baby Tomos born 5th June 2009 - 6lb 5oz :jWeight Loss Target - to lose 60.8lb by NYE 2015 - 37.6lb TO GO0
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Well result at last. They put my mortgage down by about £30 after the last reduction of £80. Just have to wait for the most recent 0.5% reduction which they say is still under review. I won't hold my breathe on this one though.DMP Mutual Support Thread Member No 19017/05/08 - Total on DMP: £10025.7007/05/14 - Total on DMP: £1666.20 DFD: July 2017!!Baby Tomos born 5th June 2009 - 6lb 5oz :jWeight Loss Target - to lose 60.8lb by NYE 2015 - 37.6lb TO GO0
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Does anyone know if Leeds are cutting their rate following the rate cut yesterday? I never seem to be able to find any information on Leeds :mad:0
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Does anyone know if Leeds are cutting their rate following the rate cut yesterday? I never seem to be able to find any information on Leeds :mad:
Leeds haven't reduced they're SVR in 3 reductions of the BofE base rate. I have sent them an email (again) which they will probably reply to as under review but I wouldn't hold your breath. I'm sure if the base rate went up they'd be much quicker making a decision.DMP Mutual Support Thread Member No 19017/05/08 - Total on DMP: £10025.7007/05/14 - Total on DMP: £1666.20 DFD: July 2017!!Baby Tomos born 5th June 2009 - 6lb 5oz :jWeight Loss Target - to lose 60.8lb by NYE 2015 - 37.6lb TO GO0 -
Ha Ha!
I wish I'd bet on it. I had an email from Leeds yesterday afternoon.
They're SVR is currently under review and they will contact me if a reduction is made.
Useless!DMP Mutual Support Thread Member No 19017/05/08 - Total on DMP: £10025.7007/05/14 - Total on DMP: £1666.20 DFD: July 2017!!Baby Tomos born 5th June 2009 - 6lb 5oz :jWeight Loss Target - to lose 60.8lb by NYE 2015 - 37.6lb TO GO0
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