UCB mortgages 0.1% rate cut

hearts

So what is their SVR? IS it a secret ;-)

dlk

runnerwales wrote: »

I find that irrelevant the government wants us the public to be able to spend more, therefore any building society or lender that prevent that from happening, in this case UCB mortgages or home loans should be heavily penalised..:mad:

Just because the government wants us to spend more doesn't mean the bank should drop rates. They are a business and therefore make their own decision whether the government like it or not.

I've got extra disposable money due to the rate cuts but I'm paying into savings. The government wants me to spend rather than save the money but it doesnt mean I have to do it!!

Vorlon-Ambassador

I was on a UCB product, a self-cert obtained thanks to an entire work of fiction on the part of my broker in 2004. Fortunately, I managed to switch to a high street deal in early 2007, when my UCB fix expired and went from 5.29% to a shocking SVR of 8%.

I dread to think what its SVR is nowadays.

hearts

Vorlon-Ambassador wrote: »

I was on a UCB product, a self-cert obtained thanks to an entire work of fiction on the part of my broker in 2004. Fortunately, I managed to switch to a high street deal in early 2007, when my UCB fix expired and went from 5.29% to a shocking SVR of 8%.

I dread to think what its SVR is nowadays.

I dread to think too. SO WHAT IS THEIR SVR? ;-)

ManAtHome

Nationwide seem to have twigged that following the policies of Our Saviour Of The World/[northern] Rock Of Stability will leave them up the creek when savers start to move their money around...
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4061246/Nationwide-decides-not-to-pass-on-rate-cuts.html

George_D_3

Does anyone have any idea what UCB SVR currently is ?

blueberrypie

UCB SVR was 4.99% as of December 12th. I don't *think* I've had another letter reducing it further since then (that was the third reduction since October), but as I'm in the process of switching lenders, I haven't been paying very close attention.

George_D_3

Blue Berry Pie thank you, for the infor my deal with UCB is also about to expire what have you got that beats 4.99% are you using a BTL product from UCB

blueberrypie

George_D wrote: »

Blue Berry Pie thank you, for the infor my deal with UCB is also about to expire what have you got that beats 4.99% are you using a BTL product from UCB

Not BTL, and not self-cert now either. We're going with Barclay's/Woolwich - our deal is the same as the first one listed here: http://www.woolwich.co.uk/mortgages/compare-our-mortgages.html - except that we had no application fee. We are planning to overpay substantially (have taken it over 15 years, but are planning to pay it off in full in four years), so the 1% ERC was a major factor in making it a good option for us.