MoneySaving Video: News analysis on Base Rate cut and BT 0870 price cuts

Former_MSE_Dan

Hi folks,

This is the discussion for the first of the brand new MoneySaving Video News uploads. Martin has recorded a videocast on today's historic interest rate cut.

Watch the video

Click reply to discuss

pkempc

Hi Martin & team,

Our £120k HBOS tracker mortgage product finished in December & we then reverted to their 4.50%* Standard Variable Rate (SVR).

Our question is – now HBOS has been swallowed by Lloyds TSB/C&G with massive help from us taxpayers shouldn’t the SVR now be uniform across all their brands?

The 1% difference means we pay £ 66 pcm ( £ 792 pa ) more than a Lloyds TSB/C&G mortgage customer on 3.50%* SVR.:mad:

Regards

Paul & Karen.

* rates from 1st Feb 2009 following latest BofE 0.5% cut.