Royal Bank of Scotland says it will not cut its SVR which is 4%

chrissoton

[EMAIL="F#@k/$g"]F#@k/$g[/EMAIL] thieves

_Andy_

Not really - they're not obliged to pass on the cut so in what way are they stealing from you?

windswept

I can't believe that people are actually moaning about having to pay 4% on their mortgage! You should be thankful the rate isn't 15 bloody percent , as it has been in the not too distant past - you'll really have something to compain about if it reaches that level again.
I feel sorry for people retiring this year and trying to find a half decent annuity with a pension pot that's probably halved in value.
If you think you're hard done by now, god help you in a few months when rates shoot up again. Get a grip.

System

4% isn't bad, really.

Peelerfart

Joeskeppi wrote: »

4% isn't bad, really.

I bet there's quite a few here who would like 4% .

CRUISEMAN

It is likely that RBS will be trying to protect savers and not robbing from anyone! A SVR of 4.00% is low enough...what is a travisty is savings rates of less than 1.00%!!

System

Peelerfart wrote: »

I bet there's quite a few here who would like 4% .

Yeah, me for a start

hearts

I must say I have some sympathy with the OP. If they were going up as quick as they are coming down, I bet they wouldn't be saying " We are not raising our rates in line with the recent rise" ;-)

dannykos

but as someone pointed out to me recently - the SVRs can't always go up in line, and come down less - as sooner or later the margin grows too wide. I predict that if rates rise by 3% over the next 3 years - that the average SVR will actually only go up by 2-2.5%

b0rker

I am currently with Northern Rock and am paying 6.99% until September 2009.

Northern Rocks SVR is currently 4.79.

If it is 4% by September I will be overjoyed.

I would not really expect it to go any lower considering the government intervention etc.

RBS is in a very similar position.

hearts

dannykos wrote: »

but as someone pointed out to me recently - the SVRs can't always go up in line, and come down less - as sooner or later the margin grows too wide. I predict that if rates rise by 3% over the next 3 years - that the average SVR will actually only go up by 2-2.5%

Yep this is likely. I mean we all know how trustworthy the banks are ;-)