abbey svr

tomlfc1

:rolleyes: Just been on abbeys official sight and it is stating that ther svr is 4.94 % again they fail us with only half the cut passed on . Will they pass any of next months cuts on ? I cant believe it took 16 days to work that out,just not playing ball im afraid think im going to look for new deal and to be honest ithink thats what they want. what do you think?

_Andy_

SVR rates don't (for the most) have guarantees to pass on any rate cuts. If that is a feature you require you need to look at tracker products.

tomlfc1

my mortgage has just reverted to svr shorley it will be what abbey`s svr is????

_Andy_

tomlfc1 wrote: »

my mortgage has just reverted to svr shorley it will be what abbey`s svr is????

I'm not following you.

Have you rung Abbey to clarify what your rate is?

tomlfc1

my mortgage with abbey revertad to svr in september at 6.94 svr shorley they will pass on all those cuts to me ?/ im knot familiar with the mortgage theme but it sounds like abig ripp off to the consumer always!!!

olly300

tomlfc1 wrote: »

my mortgage with abbey revertad to svr in september at 6.94 svr shorley they will pass on all those cuts to me ?/ im knot familiar with the mortgage theme but it sounds like abig ripp off to the consumer always!!!

1. Get out your mortgage paperwork
2. Ring the customer service number and ask them.

_Andy_

tomlfc1 wrote: »

my mortgage with abbey revertad to svr in september at 6.94 svr shorley they will pass on all those cuts to me ?/ im knot familiar with the mortgage theme but it sounds like abig ripp off to the consumer always!!!

I'm finding it hard to understand your posts. There is no 'rip off' - in any case, your lender is there to make money, not run a charity.

If you want to clarify what your rate is you need to ring Abbey rather than post on a forum.

tomlfc1

a forum is there to post your veiws and to recieve help and advice from people in the know not from people like you who sound above yourself , are you a lender or director of abbey you t-t? :mad: :mad: :mad: :mad: :mad:

_Andy_

tomlfc1 wrote: »

a forum is there to post your veiws and to recieve help and advice from people in the know not from people like you who sound above yourself , are you a lender or director of abbey you t-t? :mad: :mad: :mad: :mad: :mad:

Oh dear oh dear.

My point is - you want an answer about your specific mortgage - the best people to speak to would be....the company your mortgage is with.
If you're going to be abusive then I'll leave it here.

P.S. you may wish to work on your spelling.

feisty1

[quote=tomlfc1;16913287]a forum is there to post your veiws and to recieve help and advice from people in the know not from people like you who sound above yourself , are you a lender or director of abbey you t-t? :mad: :mad: :mad: :mad: :mad:[/quote]

You don't rcv advice here, if you wanted advice you would go to adviser. What you rcv on here is people's opinion, some you may like some you may not. If you're coming on an open forum you cannot be selective with the opinions that may be given and you have to take the good with the bad Even if it is something you don't like, rather than be abusive just ignore it.

ohmsoft

If you're saying your mortage is definately on SVR which is how I read your posts the original reply is correct.

No, they do not have to pass on all the cuts to you. A tracker will (unless it is collared), SVR won't. It's not a rip off, simply the cost of borrowing to a lender isn't directly linked to the base rate - it's linked to the LIBOR (inter bank rate).

If you're asking whether we think you should look elsewhere, you need to weigh up all the options available to you - you may find something cheaper and worthwhile if your eligable for it.

BTW - I don't think calling someone a t-t because they are struggling to reply to badly worded requests for help is at all appropriate!