Standard Life take over by Barclays

MrsMet

I've just received a letter telling me that my Standard Life mortgage has been taken over by Barclays and that my rate will change from August.

What it doesn't tell me is what the rate will be and I can't find any paperwork with my current rate and the website is being run down and my calls are left in a never ending queue.

Can anyone who has a Standard Life mortgage (on their standard rate) tell me what that rate is so I can try and gauge what the difference may be compared to Barclays please.

Thank you....:j

leicsmark

I used to have a SL mortgage but left 12 months ago. The current SL mortgage rate (SVR) is 5.34%. I remember looking into it and found that Barclays/Woolwich have an SVR of BOE+4.49% which would mean you go onto a rate of 4.99%, so a small reduction.

I haven't looked into it since so this might have changed. You may also go onto a different rate, it is worth emailing them if you are concerned. Also the "+4.49%" worried me because if the base rate goes back up to a normal level, you will be paying a high interest rate.