Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Field Marshal Dr. Opti on 17 November 2008, 11:43:38
-
Just telephoned Bristol and West who we have our mortgage with.
"Can you tell me what the Standard Variable Mortgage rate is please?" I ask
"Certainly Sir 6.59%"
"Oh, can you tell me what the SVR was before the 1.5% drop in interest rates?"
"Certainly Sir, 6.59%"
"We have no intention of passing on any reductions at present,"she adds.
Is this the banks way of saying thank you for all the help they've had recently. :o :o :o
Bristol and West.......hang your head in shame.
-
Some of them should have been left to fry -- trouble is the ramifications would be horrendous
-
I'm looking forward to the day, in about 16 years, when my daughter is going through the last of her schooling, and the topic in history is "the banking system, 1790-2008" ;D
-
My understanding was that all the banks had passed on the full 1.5% cut.
But sadly some banks appear to be helping themselves rather than their customers and the economy in general. :-/ :-*
-
whats a mortgage? :-/ ;D
-
whats a mortgage? :-/ ;D
I sometimes wish I did not know the answer to that question. :y
-
Just telephoned Bristol and West who we have our mortgage with.
"Can you tell me what the Standard Variable Mortgage rate is please?" I ask
"Certainly Sir 6.59%"
"Oh, can you tell me what the SVR was before the 1.5% drop in interest rates?"
"Certainly Sir, 6.59%"
"We have no intention of passing on any reductions at present,"she adds.
Is this the banks way of saying thank you for all the help they've had recently. :o :o :o
Bristol and West.......hang your head in shame.
I have a SVR with them and had a letter a few days ago advising me of a .5% rate cut, not a lot i know but i wold rather it be in mine than theirs
-
Just telephoned Bristol and West who we have our mortgage with.
"Can you tell me what the Standard Variable Mortgage rate is please?" I ask
"Certainly Sir 6.59%"
"Oh, can you tell me what the SVR was before the 1.5% drop in interest rates?"
"Certainly Sir, 6.59%"
"We have no intention of passing on any reductions at present,"she adds.
Is this the banks way of saying thank you for all the help they've had recently. :o :o :o
Bristol and West.......hang your head in shame.
I have a SVR with them and had a letter a few days ago advising me of a .5% rate cut, not a lot i know but i wold rather it be in mine than theirs
I think that was to do with the last interest rate cut(0.5%)....which they did pass on ........they don't seem so keen to pass on the latest 1.5% cut.....perhaps they will eventually...who knows? :y
-
Just telephoned Bristol and West who we have our mortgage with.
"Can you tell me what the Standard Variable Mortgage rate is please?" I ask
"Certainly Sir 6.59%"
"Oh, can you tell me what the SVR was before the 1.5% drop in interest rates?"
"Certainly Sir, 6.59%"
"We have no intention of passing on any reductions at present,"she adds.
Is this the banks way of saying thank you for all the help they've had recently. :o :o :o
Bristol and West.......hang your head in shame.
I have a SVR with them and had a letter a few days ago advising me of a .5% rate cut, not a lot i know but i wold rather it be in mine than theirs
I think that was to do with the last interest rate cut(0.5%)....which they did pass on ........they don't seem so keen to pass on the latest 1.5% cut.....perhaps they will eventually...who knows? :y
remember if you hold your breath for too long you will turn blue and die.......
so don't hold your breath ;)
-
Well I had a letter from the halifax today, morgage payments dropped about £80.00 so with the last one I am up about £120 a month, bring on the depression......... :y :y :y
From a purly personal point of view, I know there are people loosing their jobs out there. :(
-
Well I had a letter from the halifax today, morgage payments dropped about £80.00 so with the last one I am up about £120 a month, bring on the depression......... :y :y :y
From a purly personal point of view, I know there are people loosing their jobs out there. :(
I know what you mean, were down to 5.19%
And theres further cuts to come, Big Uns too !!
-
there are a few that haven't dropped their rates, which is f****** disgusting since today i've put an offer in for a house
kinda hoping it takes a while for them to decide and the rates might drop in time!!
-
there are a few that haven't dropped their rates, which is f****** disgusting since today i've put an offer in for a house
kinda hoping it takes a while for them to decide and the rates might drop in time!!
[/highlight]
they will Danny i see 2% base rate within 2 months ;)
-
there are a few that haven't dropped their rates, which is f****** disgusting since today i've put an offer in for a house
kinda hoping it takes a while for them to decide and the rates might drop in time!!
You need a Tracker morgage, though if it gets any lower I will try my hand at a fixed rate.. :y
-
Well, got a letter saying my Halifax tracker has dropped to 3.89 today. Shame I paid off a lump sum not that long ago. ::) That money would have been better off elsewhere. >:(
Kevin
-
so even the tracker has a downside
if i get a fixed rate that isnt dangerously expensive meaning i know what's coming out of my account each month and its still very affordable, it's less risk to me
-
so even the tracker has a downside
if i get a fixed rate that isnt dangerously expensive meaning i know what's coming out of my account each month and its still very affordable, it's less risk to me
and when you come out of the fixed rate period and the interest rates have gone up that's when you feel it.....
that's what has caused some of this credit crunch, people coming out of fixed rates, their payments being very different and not having the money to pay the difference and also their not being many new fixed product on the market.
We have looked at trying to tie our mortgage down to a fixed sum, and i have finally given up, sticking with SRV currently, as soon as we find a product the company take it off the market >:(
-
Last time I avoided fixed rate due to end of term thingy, just waiting for another 1.5% drop