Nationwide Screwing Fixed Rate - Banned ditch the fix to make profit

cbrpaul

Robert_Sterling wrote: »

You can't change your bet on a horse race after the race is over.

A fixed rate is a rate that is fixed for a period of time.

If rates go up in general Nationwide do not say to their fixed rate customers "would you mind if we put your fixed rate up?"

you ever heard of redemption penalties , ???

I stated to check his documentation , if it states here he can leave with a fee of course , then i feel its harsh they have now altered the contract,!!!

Would you like it, if you bought a race horse for agreed price signed the contract and then later was told sorry we want more money now !!

giddy up ,,, :rotfl:

Comyface

jsussex wrote: »

Now you're going to tell me I'm not going to find a Tracker easily anywhere else?

Well now, that seems like the start of a whole new thread! :eek:

Hillfly

Being lazy has price it would seem. You could have moved if you had got your act together but now you want to blame it on the society.

jsussex

Hillfly wrote: »

Being lazy has price it would seem. You could have moved if you had got your act together but now you want to blame it on the society.

Thats soooo harsh!

I rang them, they said I could do it - so I planned to do it, just took me a few weeks to get into gear - had I had any inkling they could or would change the rules I would have acted sooner. Niaivity I guess (sorry for the spelling)

They didnt ring me or send me a letter saying they are going to change the rules! SO YES!! I do blame "the society" 100%. I will 100% vote to sell in the next vote!

cbrpaul

jsussex wrote: »

Thats soooo harsh!

Agreed !!!

opinions4u

jsussex wrote: »

Look, the orignal deal was I could get out of the fixed rate at any time, for a fee.

Does your mortgage offer or key facts document state this?

2 months ago, they were still saying , yes thats the deal, bin the fix for a penalty fee.

A generous concession to their legal obligations.

Suddenly they are saying its not the deal anymore, hold on! we suddenly dont like the agreement we made with you!! we're going to change it, so F** you Mr Customer.

The financial markets are in turmoil. Times change. Have they actually reneged on their original deal? If so, you may have a case to pursue a complaint.

So although your answer may *seem* smart, in fact you are missing the point.

No, I got the point in its entirity. Apologies if the response seemed harsh - just trying to remove the emotion and stick to the facts.

jsussex

Hillfly wrote: »

Being lazy has price it would seem. You could have moved if you had got your act together but now you want to blame it on the society.

Spot the Nationwide Employee

Robert_Sterling_3

jsussex wrote: »

"we can change the terms when we feel like it" but you know, its just not cricket.

They cannot increase the interest rate if it is fixed.

dimbo61

Four lenders now doing sub 4% 5 year fixed rate deals
A&L 3.99% with no fee !!!! 65% LTV
HSBC/abbey 3.99/3.95% fee £999 60% LTV
Cumberland ? 3.99% 60LTV fee £799
Post Office 4.15% LTV 75% fee £599
Hope this can help you ?

cbrpaul

Everytime i see the A&L deal , it looks more and more attractive !!!