Comments on: HSBC, RBS, Halifax, Barclays all FINALLY agree on cut

By: Steve

Steve — Thu, 04 Dec 2008 17:17:04 +0000

My Woolwich OpenPlan Reserve is still at the 6.6% SVR rate.

Our secured loan with Beneficial (HSBC) is still at 6.7%

Niether of these banks have passed on anything to their customers.

By: CHRIS

CHRIS — Thu, 27 Nov 2008 11:54:42 +0000

Barclays have NOT reduced SVR !

By: Robin

Robin — Thu, 20 Nov 2008 08:50:09 +0000

HSBC have had their SVR “under review” for 2 weeks now. Apparently those of us who have a mortgage with HSBC linked to their SVR make up only 3%… STILL no decision and thus far HSBC have failed to pass on ANY of the equivalent of EIGHT 0.25% cuts from the BoE.

These products were sold (with a large set-up fee) on the basis that the rates would move approximately in line with the BoE rate. I think this amounts to mis-selling…

By: Ben

Ben — Wed, 12 Nov 2008 10:17:52 +0000

It would be nice if HSBC did peg its SVR to 1% above base. I am on a 1.26% discount to SVR, which would make my borrowing cheaper than the BR…

HSBC have this morning told me that their SVR is still under review and no announcement is currently scheduled.

By: douglas gilmour

douglas gilmour — Mon, 10 Nov 2008 11:19:47 +0000

at this time of uncertenty and worry for home owners all banks should be utting their svr by the full 1.5%. the likes of the rbs and hsbc are taking liberties.

By: robert

robert — Mon, 10 Nov 2008 10:51:09 +0000

HSBC advised me today that my large advance SVR mortgage rate will be cut by 0.25% to reflect the 1.5% cut by the BoE; their message also says they guarantee that my SVR will not exceed the base rate by more than 1%; to do that they needed to cut the rate by 1.75% as they passed on none of the previous ).5% cut made before; nice generous guys at HSBC