RBS and its subsidiary NatWest will only be passing on half of yesterday’s base rate cut to mortgage customers on their standard variable rates (SVRs). The lenders are reducing SVRs by 0.25%, although they claim most customers will not be missing out because the majority are either on tracker or fixed-rate deals. In the case of the [...]

More: RBS denies mortgage borrowers full base rate cut

Well RBS and Natwest have a lot of savings. If their tracker customers will get full benefit of an interest rate cut, it may not be so bad.