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Nationwide Changes
herbiesjp
Posts: 8,499 Forumite
For those of you looking at Nationwide rates please note that for loans up to 90% rates are going up from November 2nd:
2 Year Fixed rate £399 4.59%
3 Year Fixed rate £399 4.79%
5 Year Fixed rate Reservation fee limited offer £199 4.79%
10 Year fixed rate Reservation fee limited offer £199 4.99%
2 year tracker rate £399 4.54%
3 year tracker rate £399 4.74%
5 year tracker rate £399 4.74%
Re-mortgage admin going up from £95 to £99
Booking fee gone up from £389 to £399 apart from the 5 and 10 year specials above
HTH
2 Year Fixed rate £399 4.59%
3 Year Fixed rate £399 4.79%
5 Year Fixed rate Reservation fee limited offer £199 4.79%
10 Year fixed rate Reservation fee limited offer £199 4.99%
2 year tracker rate £399 4.54%
3 year tracker rate £399 4.74%
5 year tracker rate £399 4.74%
Re-mortgage admin going up from £95 to £99
Booking fee gone up from £389 to £399 apart from the 5 and 10 year specials above
HTH
I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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Comments
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Glad I got mine last month. Does this mean an interest rate rise is looming?NO to pasty tax We won!!!! Just shows that people power works! Don't be apathetic to your cause!0
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no rise looming, just no reduction either and swap rates have moved accordingly0
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Not necessarily.
We're approaching the end of the "mortgage season" when mortgage applicants get a bit thin on the ground, so having a bun fight over a few applicants is a waste of time and money for the lenders.
When borrowers are plentiful, Spring and Summer, a shaving off the interest rate can bring in big numbers, but at this time of the year only those lenders that have yet to "fill their book" for the year will launch a limited traunch of funds with a market leading rate to tidy up their order book.
These last minute offerings are only on the market for a few weeks, in some cases days !
Watch what happens every spring .... Halifax bring out a market leading rate (first off the starting blocks) followed by Abbbey etc. etc.
Halifax revise their rates down, so does Abbey etc. etc.
Eventually all the jostling for position settles down and mortgage life goes on as normal ..for a while.
Once thier number crunchers tell them their order book is on course, they tend to become less generous with the rates.
I know someone is going to say that this has got nothing to do with it, and it's all to do with SWAP rates, but a historical pattern seems to emerge over time.
As soon as the demand for mortgages decreases, the lenders become less competitive.0
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