We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Nationwide Rates

Any advice??
Mortgage deal coming to an end and have a letter offering us an initial rate of 1.84% fixed for 2 years. I tried to go online and apply for this, 2 days after receiving the letter to find that the rate available is now over 4%. Went into the branch and spoke to several people who were all surprised about this, but there is nothing they can do.

I appreciate rates change but by over 2% in such a short space of time? Anything I can do apart from looking at other providers and complain that the letter must have taken nearly a month to reach me therefore not giving me the opportunity to take advantage of it?

Any suggestions?

Thanks

Comments

  • Neutrinno
    Neutrinno Posts: 310 Forumite
    Seventh Anniversary 100 Posts Name Dropper Photogenic
    Surely that is an error or there are other products available instead? Their SVR has recently rose to 3.99%, are you sure aren't getting this confused with that?

    I'd check again because I'm fairly certain rates similar to what you already saw will still be available.

    If not luck, then maybe try using a broker who can search the whole of the market for you?
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • Slipper5
    Slipper5 Posts: 10 Forumite
    Ninth Anniversary First Post Combo Breaker
    No error unfortunately, the advisers at the branch didnt understand when they saw it either. I think I have just missed out on that rate, just seems unfair that I didnt receive the letter in time to take advantage of it...
  • Richey_
    Richey_ Posts: 334 Forumite
    It may be time to remortgage to another provider!
  • Neutrinno
    Neutrinno Posts: 310 Forumite
    Seventh Anniversary 100 Posts Name Dropper Photogenic
    Slipper5 wrote: »
    No error unfortunately, the advisers at the branch didnt understand when they saw it either. I think I have just missed out on that rate, just seems unfair that I didnt receive the letter in time to take advantage of it...

    Have you tried looking on their website for customers looking to switch products?

    https://www.nationwide.co.uk/products/mortgages/existing-customer-switching/what-we-can-offer#tab:Whatwecanoffer
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.