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    • Burnley_Lad
    • By Burnley_Lad 5th Oct 17, 4:58 AM
    • 256Posts
    • 117Thanks
    Burnley_Lad
    Nationwide mortgage discount for existing customers
    • #1
    • 5th Oct 17, 4:58 AM
    Nationwide mortgage discount for existing customers 5th Oct 17 at 4:58 AM
    Previously, existing Nationwide mortgage customers got a 0.1% discount on rates for new customers, but it appears that's now been quietly halved to 0.05% discount.

    Nationwide used to clearly state the 0.1% discount, now they are just saying that existing customers get preferential rates over existing customers, which is still true, just not as much as before!
Page 1
    • amnblog
    • By amnblog 5th Oct 17, 7:24 AM
    • 9,855 Posts
    • 3,815 Thanks
    amnblog
    • #2
    • 5th Oct 17, 7:24 AM
    • #2
    • 5th Oct 17, 7:24 AM
    The rates as of last week quote for example:

    New Borrowers Remortgage 1.44%, Existing Borrower 1.14% (2 year fixed)

    New Borrowers Remortgage 1.99%, Existing Borrower 1.94% (5 year fixed)

    Your observation is valid for some product ranges but not all.

    Nationwide are also offering £100 cashback for all existing borrowers taking a new rate.

    Nothing is easily compared in the mortgage market - another good reason to use a mortgage broker.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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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