Interesting to note that, according to the BBC website article at BBC NEWS | Business | Banks react to interest rate cut , RBS themselves reduced their SVR rate by 0.19% - less than half of the rate cut by the BoE, and infinitely more than the 0% drop we now see. Only problem from my point of view (as I'm currently moving home with my VOA): It's a damn fine mortgage, and difficult to beat... so, at least for the time being, I'm staying put. John

Interesing that V1 have already announced that they have dropped the full 1% of the 4/12/08 announcement. Must be due to the complaints that they have received. From the BBC: Only from 31/12/08 though BBC NEWS | Business | Banks face pressure on rate cut

Does anyone have the original written info stating that the One Account would track the base rate that they could scan and upload (or post to me and I'll do it and return it). It would be difficult to make an official complaint without it; and I can't find my copy.

Here's the link to the Ombudsman... our complaints procedure and how to complain

Yes, the fact that they are stating that the V1 rate is not linked to the RBS rate suggests that they won't lower it, even when they tell the Government that the RBS rate has been lowered. Time for the Ombudsman and my MP, methinks.

I have today received the following from V1: I really think that the ombudsman should get involved here; what do people think?