Tradefair & Financials
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25 Jan 10
13:24
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Date Joined:
25 Dec 05
says someone moving onto there svr of 4.95% on a 25 yr loan of 100,000 will pay an increase of £81 and pay £581 a month,surely its more than 581 a month
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Why??
They are currently paying 3.5%.. It is a disgrace, and you have not heard the last of this. Anyone with a Skipton mortgage can remortgage without paying and fees. I advise anyone with a Skipton mortgage to dump them as soon as possible |
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Why is it a disgrace? You seem to think savers only exist to ensure borrowers can get cheap loans. So long as Skipton offers more competitive rates for savers then what they have done is perfectly fair. Perhaps it will start a trend and rebalance things more reasonably.
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Harry are you serious???
They have a "guarantee" . No one deserves to get shafted buy a Financial institution be they savers or borrowers. I would say the same if savers had been "guaranteed" 3% and Skjipton were cutting to 1% I will tell you one thing Harry. If the other lenders that also have a guarantee invoked the "special circumstances" clause the implications would be astonishing. Halifax, C & G , Mortgage Express, Nationwide and a whole load of Sub Prime lenders also have similar guarantees. Lucky most are governemnt controlled or I am sure they would excercise their muscles! |
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The fact that there is such a clause that allows them to do this means the guarantee is worthless doesnt it. If 0.5% base rates dont qualify for special circumstances then I dont know what would.The point I was making was that they appear to want to try to treat all their members fairly whereas a professional debt peddlar like yourself is only concerned with helping borrrowers get lower and lower rates and couldnt give a ** that prudent pensioners cant get a return on their hard earned savings.
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Harry
A guarantee is a guarantee!! Tough luck. The banks and building societies cannot have it all their way. I can assure you that Skipton willnot be able to fund decent savings rates if tehy lose all their mortgage customers. Anyone with half a brain would change lenders now. Additinally, is it not ironic that they do this now. rates have been at 0.5% for nearly a year now.. The next nove is up and will come soon. Tey have no shareholders to please , so why be so aggressive. The FSA is likely to fine them for misleading their customers, and not treating them fairly. It is inevitabl ethat they wil NOT be able to get away with this |
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Yes chisel. You are quite correct. Write to the board of the Skipton and put them right.
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I have already spoken to them Harry!!
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I hope they take your opinions as seriously as we do on here.
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The FSA are toothles tigers, they have just taken on many new employees who have not got a clue, one tried to speak to me at 9PM the other evening, i told him to Foook off and call me in Normal hours, Nobody there worked nights to my Knowledge.
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charming
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http://news.bbc.co.uk/1/hi/business/8492911.stm
A "printing error" has revealed Skipton Building Society customers' names, account numbers and balances on the back of other people's statements. Customers whose details have been exposed are receiving letters offering a change in their account number. In the Skipton case, 3,115 customers received the statements with other customers' names, account numbers and balances on the reverse. One BBC News website reader said that the details of his account were on the back of his wife's statement. The building society said this was a small proportion (just under 3%) of the mailing list of 108,000. The Skipton, the UK's fourth largest building society, has 750,000 savers and 100,000 borrowers. |