Nationwide pass on the full 1% for trackers (i.e No Collar)

damski_2

yes 100%

just been on news at 10


Nationwide and Halifax have removed their "collars" and will be passing on the rate cut in full:T

Stormy

Interestingly its not on the Nationwide Media Centre.....

freebo_2

damski wrote: »

yes 100%

just been on news at 10


Nationwide and Halifax have removed their "collars" and will be passing on the rate cut in full:T

I just heard it on news at 10 too :beer::j:beer::j

We'll also be overpaying the difference, up to the max allowed, aside from a quick :beer: to celebrate, this will save us quite a bit!

P.S. For those that benefit this is a MUCH bigger deal than the VAT rate cut - well done the FSA!

udydudy

:T As abbey passes all interest rate cut to its tracker customers, I go to 1.79%!!! Yippppeeeeeeeeeeeeeeeeeeeeeeeee....


I believe Halifax is also passing the cuts on with no collar(looks like the FSA threat did the trick..not exactly due to a good heart!!!)

The news on abbey & britannia is on this ftadviser link.

http://ftadviser.com/FTAdviser/Mortgages/Products/Fixed/News/article/20081204/b2475728-c20d-11dd-a1ae-00144f2af8e8/Britannia-and-Abbey-pass-on-rate-cut.jsp

jumbopants

Just watching Sky News and they suggested to take a look on the Sky News web site for lenders passing on the full rate reduction..

Could find no info. to support/back up the collar removal on the Sky news site.. !!!

freebo_2

Another source...

http://www.belfasttelegraph.co.uk/business/business-news/nationwide-follows-halifax-lead-over-rate-cut-14095246.html

ScoobyZ

woohoooo 2.24% for me with just over 2 years left on my tracker !!!

and my buy to let with c&g is now 3.19%

freebo_2

And another confirmation (I needed lots of evidence before telling the Mrs. )

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/3551904/Interest-rates-cut-Nationwide-lifts-collar-for-all-tracker-mortgage-customers.html

Stormy

Hmm just watched BBC News and its not mentioned Nationwide at all on the business news?

Looks legit from freebo's post..

doublee

A new source :j

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/3551904/Interest-rates-cut-Nationwide-lifts-collar-for-all-tracker-mortgage-customers.html