The One account raising rates

andykb

The_J wrote: »

Get a brain.

If a rate should be 5%, and it is actually 1%, are you still going to complain if it goes up to 1.5%?

oops silly me ! i thought you were adding some value to the context of this discussion thread, looks like you just want be abusive to its contributors.

i suggest you do some research on the RBS\One Account\BOE\Libor rates discussion its been around for sometime, enlighten yourself and broaden your knowledge, you never know it may help you to communicate with people in a positive way

Thrugelmir

andykb wrote: »

if they are keeping the rates low then why do they feel the need to up their lending rates to mortgage owners quoting libor rates are increasing

Since September 2011 LIBOR has been on an upward trajectory. Small increments but heading one way only.

Lenders also need to cover their running costs, pay tax, pay FSA levies etc. Much in the same way that Starbucks charge you a fortune for a cup of hot water.