Nationwide cut fixed rates (again)

ManAtHome

....not if you're a brand new customer.

Badgergal

Thanks, so I won't be bothering then!

I still think it goes against their whole "brand new customers only" ad - if I was a brand new customer, I could get the better interest rate no probs, but as I'm not, I could still get the interest rate but it wouldn't be worth it, as you've pointed out. So the brand new customers are still better off. I know a fixed rate is a fixed rate, but still...

payless

Badgergal wrote:

Thanks, so I won't be bothering then!

I still think it goes against their whole "brand new customers only" ad - if I was a brand new customer, I could get the better interest rate no probs, but as I'm not, I could still get the interest rate but it wouldn't be worth it, as you've pointed out. So the brand new customers are still better off. I know a fixed rate is a fixed rate, but still...

I don't think it goes against their theme of new or existing get the same -
if you were with XYZ lender and had a penalty, you would be in same position.

Badgergal

That's true, I guess I am thinking more of a "brand new customer" first time buyer, which I am/was, they're the ones who'll be getting the cheaper rate. Just find it hard getting my head round a charge from one Nationwide deal to another Nationwide deal, I could understand if I was leaving them...

I'm sure its all perfectly fair etc but being relatively new to all this I guess I am being naive wishing they would magically reduce my interest rate at no expense to myself...

payless

You can always wish. !