Hi Grappa, Interested [sic!] by your rates table - you seem to have an additional 1% reduction in the VOA rates than I have seen (plus I haven't had the letter with the 0.2% yet)! What actual interest are you paying on Thx

Having been a fervent supprter of Virgin One since 1997, like most here I have become very disillusioned this year. So finding these posts, have gone back to the guff that came out with the deal 11 years ago... Although the contract is to remain competitive, I did find in "The Essential Guide": "Our aim is always to be lower than the Halifax Standard Variable rate (where your facility is 75% (or less) of the value of your home) which is used as an industry benchmark". With that in mind, Halifax SVR is 4.75% today, and the equivalent rate from my letter of 2 December for 50.01-75% is 5.20%, suggesting we should see at least a 0.45% cut now. As to the marketing "promise" which I too recall, seems that held good until April this year. Within 48 hours of every movement whether up or down for the first 10 years I would see exactly the same in a letter arriving on my doorstep. Since April the picture is somewhat different: Month MPC decision RBS decision Cuml effect April -0.25% 0% -0.25% May no meeting June 0% 0% -0.25% July 0% +0.25% -0.50% Aug no meeting Sept 0% 0% -0.50% Oct -0.5% 0% -1.00% Nov -1.5% -0.5% -2.00% Dec -1.0% ? Seems to me that the cut should be 3%, otherwise it looks like blatant profiteering to me...now where are those Banking Guidelines?