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Who is passing on the new rate reduction?
Comments
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So NR will be 4.34now MPD? As of when?0
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Got the letter from NR yesterday, they are cutting their SVR by 0.45%. For some reason they haven't announced this on their website and the BBC hasn't run it's usual "who's passed the cut on" story this time.
Surprised at that.
considering they are actually choosing to pass on a rate cut for one, I would have thought they would have been shouting it from the rooftops:rolleyes:I am a Mortgage adviserYou 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.0 -
HSBC have told me today that they have no plans to pass on the latest BoE cut on there SVR. They said the rate decrease will only be passed on, on there tracker deals. Which I don't have!0
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So NR will be 4.34now MPD? As of when?
For most yes, for me (svr - 1.35%) it's 2.99% but only until 1st Nov. The new rate comes into effect 1st April.After years of disappointment with get-rich-quick schemes, I know I'm gonna get rich with this scheme...and quick! - Homer Simpson0 -
For most yes, for me (svr - 1.35%) it's 2.99% but only until 1st Nov. The new rate comes into effect 1st April.
Hey all,
Can anyone else shed any light on this "rumour" that Northern Rock have reduced their SVR to 4.34% ??
Still nothing on their website/BBC - and I've had no letter.
I hope it's true but won't believe it until I see it!
Cheers.0 -
was wondering the same myself....Bit of a Florida Fan :j
8/12/08 Highlands Reserve, 3/12/09 Calaby Parc
18/8/10 Villa Upper Class 19/12/10 Villa Upper Class
10/08/11 C P Tower Lake 10/12/11 C P Tower Lake
28/4/12 Emerald Island 22/7/12 Florida for 6 weeks
13/12/12 4 weeks C P Tower Lake 13/2 Prize win Orlando0 -
No, NR have not made a decision yet. The SVR stands at 4.79%.0
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cheeryoleary wrote: »Is that supposed to be funny? :rotfl:
No, it's supposed to be what it says on the letter. It may just be me (or at least a small group like me). The previous reason for change stated was "Rate Change", the reason stated this time is "Base Rate Guarantee".
I'll check my policy document and see if I can shed any more light on this. I guess the svr may not be changing after all, but my rate is going down tomorrow.After years of disappointment with get-rich-quick schemes, I know I'm gonna get rich with this scheme...and quick! - Homer Simpson0
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