NRAM variable rate goes up but never comes down!Make Text Bigger
I am currently stuck with NRAM with 2 buy to lets, my problem is that since the crash they haven’t dropped their interest rate, but over the last few months as the base rate has increased they have moved up accordingly.
By that measure my rate could end up at 10% while the base is say only 0.75%, if the base moves up and down because of Brexit or another financial crash and NRAM only move up. I have put complaint in to the FOS they have informed me that it has gone to a specialist team and could take up to 6 months, just wondering has anybody else complained to the FOS
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