Mortgage Express standard variable rate

koexelek

Anyone know what their current standard variable rate is for residential ?

Can't find it anywhere on the customer or intermediary website.
Tried ringing them earlier, but could not get through.

I thought it was about 4.8%, but i could be wrong .

I have a client coming off a fixed rate, and i need to tell them what it will revert to.

I'll get in the phone queue again in the morning if no one knows :rolleyes:

thanks in advance.

Robert_Sterling_3

I looked on the Mortgage Express Web Site.
They do not give much away there as you probably already know.

koexelek

Robert_Sterling wrote: »

I looked on the Mortgage Express Web Site.
They do not give much away there as you probably already know.

I know, and I think they have one person answering the phone for the whole country.

Oh well, better get back in the phone queue at 9 o'clock. When I find out, I'll let you all know

koexelek

3.5% apparently :cool:

Oh well, my customer is going to be happy ( coming off a 6% fixed)... but another mortgage ME have no chance of getting rid of .

illgetthere

i'm on 4.84 svr but i havent had any news re january's rate cut (if there was one..)

mangrego

koexelek wrote: »

Anyone know what their current standard variable rate is for residential ?

Can't find it anywhere on the customer or intermediary website.
Tried ringing them earlier, but could not get through.

I thought it was about 4.8%, but i could be wrong .

I have a client coming off a fixed rate, and i need to tell them what it will revert to.

I'll get in the phone queue again in the morning if no one knows :rolleyes:

thanks in advance.

Hi its 4.84% and i dont think we will see a rate cut for Jan as they only gave a 0.16% rate cut for Dec

illgetthere

their fixed rate for existing custs is very good. 4.29% for 2 yrs i think..

scaniarob

my but to let has dropped to 3.25%:beer: , what a result 88000 mortgage was £365/month on a 4.99 fixed, that ended in dec now paying about £220 from feb winner:p

hayley833

I have a mortgage with Mortgage Express (originally GMAC) and my current fixed rate is coming to an end in July 2009, and I know I will go onto the SVR, currently 4.84%.

However, when I spoke to ME they told me to ring back in April and I might be offered a new fixed rate, currently 4.2%.

Has anyone actually been offered this?? If so, is there certian criteria, or are they offering this to all their existing customers coming off fixed rates?

The impression I was getting was that they would not be offering any competive deals??

Thanks

illgetthere

have they changed their svr for feb since the drop to 1% base rate?

The 4.29% rate is for existing custs only. Seems a great rate to me, we will move over to it. no fees involved....

hayley833

They haven't changed the svr yet, I spoke to someone on Friday and they said they were 'considering' it and it would be announced within 30 days.