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C&G SVR 1 year on

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Had the mortgage statement through today and it says my interest for March is 3% but I thought the C&G was 2% above BOE so why would they put the rates up? I assume their estimating the BOE rate will go to 1%?

Comments

  • inca_2
    inca_2 Posts: 283 Forumite
    C&G SVR hasn't gone up, it's still 2% above so wouldn't go up unless the base rate had gone up. Are you on annual interest or daily? Give them a call and ask them to explain, should shed some light on this.
  • fattony
    fattony Posts: 168 Forumite
    I thought it was a little strange, I will call them on monday thanks
  • inca_2
    inca_2 Posts: 283 Forumite
    Welcome! I'd suggest calling your branch direct rather than the helpline, that way it's easier to speak consistently to the same person if it involves a couple of phonecalls, also you're calling a local rate number rather than an 0845 :)
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