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Who is passing on the new rate reduction?

123578

Comments

  • Teterow
    Teterow Posts: 242 Forumite
    With Bristol & West - still on a fixed rate till end of July, but just received an email from them saying that their SVR from 1st April will be 2.99%.

    Quite please B&W have generally speaking past on the rate cuts.
    Challenges:
    3 NSD per week
  • nickmax1
    nickmax1 Posts: 9 Forumite
    Teterow,

    great news thanks I have been waiting for that, my tracker is 2% below B&W SVR (till october) so its 0.99%!! yay.
  • stradlinho
    stradlinho Posts: 59 Forumite
    Any news on whether Northern Rock will pass it on ?
  • evanevan
    evanevan Posts: 5 Forumite
    No, NR are taking thier time about this one. I dont really expect any more svr rate cuts at this time, certainly not the full 0.5.
  • CocoPops_3
    CocoPops_3 Posts: 9 Forumite
    evanevan wrote: »
    No, NR are taking thier time about this one. I dont really expect any more svr rate cuts at this time, certainly not the full 0.5.

    Don't we know it!

    Are they hoping that no one will notice their tight fisted attitude if they don't?
  • koexelek
    koexelek Posts: 7,847 Forumite
    evanevan wrote: »
    No, NR are taking thier time about this one.

    Pathetic. They should announce what they have decided to do ( which they no doubt did the day of the rate cut) and put people out of their mosery.

    If they are not going to cut it, just say so now and be done with it
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • michaels
    michaels Posts: 29,223 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Don't worry, HSBC are the same; last month their rates were under review for about 4 weeks till the day they announced their results and rights issue - surprise, surprise no one reported their decision not to cut - cynical or what.
    I think....
  • CocoPops_3
    CocoPops_3 Posts: 9 Forumite
    evanevan wrote: »
    No, NR are taking thier time about this one. I dont really expect any more svr rate cuts at this time, certainly not the full 0.5.

    Still no news!!
  • evanevan
    evanevan Posts: 5 Forumite
    sheesh. Maybe they are waiting to see what the competition does.
  • koexelek
    koexelek Posts: 7,847 Forumite
    CocoPops wrote: »
    Still no news!!

    the last I heard, the Northern Rock board were all sitting in the boardroom with their fingers in their ears, humming.
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
This discussion has been closed.
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