Nationwide announce revised Interest rates

Aberdeenangarse

https://www.nationwide-intermediary.co.uk/news/2022/september/ratechange?utm_source=NFI&utm_medium=email&utm_campaign=13492978_NFI4788%20NFI%20Rate%20change%2026.09.22%20JF%20%2AAPPROVED%2A&dm_i=5KB,8178Y,R1B977,WV5V4,1

Jordanparly92

So I applied via a broker today for a remortgage via nationwide at a rate of 4.24 conveyancer booked Monday is the rate likely to increase now? 

housebuyer143

Aberdeenangarse said:

https://www.nationwide-intermediary.co.uk/news/2022/september/ratechange?utm_source=NFI&utm_medium=email&utm_campaign=13492978_NFI4788%20NFI%20Rate%20change%2026.09.22%20JF%20%2AAPPROVED%2A&dm_i=5KB,8178Y,R1B977,WV5V4,1

Ouch! thats going to hurt.

Aberdeenangarse

Jordanparly92 said:

So I applied via a broker today for a remortgage via nationwide at a rate of 4.24 conveyancer booked money is the rate likely to increase now? 

I think you should be OK. It looks like deals agreed by 20.00 today, stand. 

K_S

Jordanparly92 said:

So I applied via a broker today for a remortgage via nationwide at a rate of 4.24 conveyancer booked money is the rate likely to increase now? 

@Jordanparly92 Assuming that your broker has either submitted the full application or done a DIP-reserve today, the rate will be secured so you shouldn't have anything to worry about.

secla

Wow 6 months ago when we applied I thought the rate was high, at those rates would be £400 a month more 

IAMIAM

What the actual! 6%!!!! I will definitely be going onto a tracker/discounted.....in 6-8 months

Nailer99

We need to remortgage in May. I feel physically sick. These 6% rates will cost us an extra £800 per month. 

Truss and Kwarteng should go to prison for what they have done. 

isadreamalie

Nailer99 said:

We need to remortgage in May. I feel physically sick. These 6% rates will cost us an extra £800 per month. 

Truss and Kwarteng should go to prison for what they have done. 

As long as the Bankers are OK eh

mose_2

5.2% for new customer remortgage can currently get tracker at 0.70% above base rate. Rates would have to go to 4.5% to match that. Tough choices. 

IvyFlood

4.44% for us. Our current fixed rate is up next September. Tempted to lock in now and pay ERC? Think we'll just be extending our term tbh, we already pay £850p/month and cant really afford to go any higher!