Nationwide ups variable rates

betmunch

I dont see what the problem is. Anyone going to Nationwide for a mortgage after Thursday gets the new Standard Mortgage Rate rather than the Base Mortgage Rate that was available previously.

You have been warned about the change, and it will be explained to anyone taking a mortgage after Thursday, so where is the problem?

If you dont like the new Standard Mortgage Rate at the end of your Fix/Tracker then dont take the mortgage in the first place!

Cheers

Newbird

betmunch wrote: »

I dont see what the problem is. Anyone going to Nationwide for a mortgage after Thursday gets the new Standard Mortgage Rate rather than the Base Mortgage Rate that was available previously.

Thats the problem! what was available previously, is no longer, after Thursday....

BETMUNCH wrote: »

If you dont like the new Standard Mortgage Rate at the end of your Fix/Tracker then dont take the mortgage in the first place!

Yeh, obviously, but it means searching for another comparable deal...sounds like you're not in the market for a mortgage yourself just now.

betmunch

New Bird, you are right, I am not in the mortgage market for myself right now.

But why on earth are you searching for the mortgage yourself. Thats your mortgage consultants job! Get him/her on to it.

Cheers

real1314

RufusA wrote: »

AFAIK they don't have any shareholders - they are one of the few remaining big building societies, therefore any champers being bought will be for its members i.e. you! Chance would be a fine thing though!

Rufus.

Woooosh!

Gotta have a bit of bubbly for the shareholders!

Newbird

betmunch wrote: »

New Bird, you are right, I am not in the mortgage market for myself right now.

Hmmm, thought not.....:rolleyes:

betmunch wrote: »

But why on earth are you searching for the mortgage yourself. Thats your mortgage consultants job! Get him/her on to it.

If you want the best deal, (and I do) you have to search the whole market... some mortgages are not available thru brokers and mortgage consultants and so that means doing some donkey work yourself, or how are you going to know what else is out there? :money:

alphason

samba wrote: »

I know it's a bit off-topic but I'm concerned about the state of play at Nationwide - over the last six months or so the interest rate on my overdraft has gone up and up, and is now almost 18% (I realise this is par for the course these days). Additionally, they are soon to start charging for foreign currency conversions on their credit and debit cards (again I realise that they are only going to charge what visa charge them, but still... ) . This latest move makes me wonder if there are deeper issues involved?? Surely they are not doing all this to pay for the champers at the shareholders party?

Personally, I am now on the look out for a new bank account (just a shame I wasn't looking a month ago...)

I agree, no interest on current accounts, overdraft interest up, no longer totally fee free foreign transactions (although still pretty cheap), credit card interest rates up.

I won't though be looking for a new bank (partly because of my circumstances), but I don't feel they are any worse than others, its just becoming the case that there is no real difference anymore, what happened to "Proud to be different"?

Robert_Sterling

samba wrote: »

Surely they are not doing all this to pay for
the champers at the shareholders party?

There are no shareholders.

luckyfool

Robert_Sterling wrote: »

There are no shareholders.

I think it was a joke/play on the Nationwide advert with the portly thinly disguised Abbey Bank manager.

ScoobyZ

you cant get the standard variable rate its only available to people coming to the end of their current deal.

The_Jackal_3

Hi All,

Just read the Mail article and checked the NW site and still no press release.

Wonder if anyone can advise on the below-

I have just come to the end of my 2 year fixed with NW, first variable repayment has gone out my account today @ 2.5%.

Should i be anticipating a letter from NW advising that in future i will be paying @ 3.99 or does that only relate to new customers to NW securing a fixed deal post 29 Apr.

thanks in advance for any guidance.