Nationwide reneging on Mortgage Charter

MWT

homesaver234 said:

Nationwide's web site still says not: "And very soon, you’ll be able to choose to only pay the interest on your mortgage for 6 months."
https://www.nationwide.co.uk/mortgages/existing-mortgage-members/home-support-hub/

If you check Martin's post on this, he suggests that it will be August before most lenders are able to implement the interest only option...

homesaver234

MWT said:

Still taking some of them a bit longer to work through the changes

Agreed. Nothing to do with the regulator at all.

homesaver234

Better late than never! An update today:

"We’re pleased to have signed up to the charter. It means that, right now, if you’re up to date with your payments you can:

Temporarily change to interest only payments
"
https://www.nationwide.co.uk/mortgages/existing-mortgage-members/home-support-hub/

MWT

Good news then.

Barclays are still scheduled to release their update tomorrow...