MSE News: Clydesdale and Yorkshire banks increase mortgage SVR

Peelerfart

Here comes the drums here comes the drums!

Or,as it has been said,merely normality returning?

The_J

kingstreet wrote: »

There is a very long and detailed thread on the Barclays Bank Base rate and how it mirrors the BoE base right only while it suits Barclays. Do a search, I'm sure you'll find it.

What? It's followed the BoE base rate since regulation?

I've been on that thread, it's populated by a bunch of whiny morons who love a good complaint.

RenovationMan

Thrugelmir wrote: »

Where's elsewhere? Rates are rising across the board. Normality is returning to the market.

Only on SVR rates and you can't move to another lender and go straight onto their SVR rate, you have to go onto a mortgage product. If people are concerbed about the banks raising rates independently of the BoE then they should get a tracker mortgage.

First Direct have a 1.99% BoE tracker mortgage available that beats the Halifax SVR rate of 3.5%.

shortchanged_2

RenovationMan wrote: »

First Direct have a 1.99% BoE tracker mortgage available that beats the Halifax SVR rate of 3.5%.

Come on RenoMan.

That product has a £1500 arrangement fee and a max LTV of 65%. Hardly a product that is likely to be suitable for most of the people that are complaining about these SVR increases.

Thrugelmir

RenovationMan wrote: »

First Direct have a 1.99% BoE tracker mortgage available that beats the Halifax SVR rate of 3.5%.

HSBC plans to lend a gross £15 billion in 2012. £3 billion of which is for FTB's.

There just isn't the funds for everybody that wants to to remortgage to the HSBC to do so. Even if they met the lending criteria.