Anyone's bank messing them around? (Mortgage)

[RGuk]

I thought I'd have a look at my Mortgage statements.....I wish I hadn't.

My Bank (HSBC) is SO slow at passing on the rate cuts, we (I) am now 2 cuts behind the B.o.E.

Now, my letters read that "we promise not to charge more than 1% above the base rate". So, in time, I'll get November's cut and then Yesterday's cut....meaning 3% maximum....but how long is acceptable??

Today, I'm paying 5.5% and the base rate is 2%.....sounds like a bull**** promise to me.

 

[USER1999]

Yet when it goes up, it is instant.

They are all a bunch of bankers.

 

[HTL]

Agree with Murph they are indeed a bunch of bankers.

I am so glad we went fixed with ours, takes all the stress out of it.

 

[toyboy54]

To one and all............Swmbo has ensured that I am debt free,don't have a credit card,don't have a cheque book,don't even have a bank card!
If I need any money then just ask(or sneak out of the purse,,,funny how she always knows how much was in there in the 1st place!)
As I've said before .......I am one lucky little sod!!
In my job I talk to a lot of people in retail and all they say is WHY DON'T THE MEDIA JUST SHUT UP!!
My life has'nt changed(and not in the near future??)
Hope your's does'nt too!!!"£!