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Natwest - have they lowered their rate?

Hi.
Did Natwest reduce their rate last week when the bank rate was lowered?

I've got an offset mortgage with them but haven't had any letter from them yet.

Has anyone else had a letter yet, or know if they did / didn't lower their rate?

Thanks in advance.

Comments

  • I believe you will get to hear on the 19th or on the 1st. If I remember correctly from the info I was given.
  • Have any Natwest customers out there had notification that the rate has been lowered yet????
  • silvercar
    silvercar Posts: 49,971 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    No!


    10 characters min post.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • silvercar wrote: »
    No!


    10 characters min post.

    So do you think they are not lowering it then?

    ............. Or will we hear soon do you think?
  • silvercar
    silvercar Posts: 49,971 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Mine's linked to the BoE base rate, so they have to lower it, just surprised I've not had the usual letter.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • silvercar wrote: »
    Mine's linked to the BoE base rate, so they have to lower it, just surprised I've not had the usual letter.

    I think mine is too, it's an offset mortgage?

    Any other Natwest customers out there!!
  • silvercar
    silvercar Posts: 49,971 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Letter arrived this morning!
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • That's good news :-)

    I've not heard yet, so maybe tomorrow?

    How much did yours reduce by out of interest?


    S.
  • silvercar
    silvercar Posts: 49,971 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    quarter percent, but then it is a BoE base rate tracker.:)
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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