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Nationwide product transfer rates?

2

Comments

  • Yorkie1
    Yorkie1 Posts: 12,619 Forumite
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    Still no move from Nationwide on their rates since 6 weeks ago  :(
  • englandsrose
    englandsrose Posts: 32 Forumite
    Third Anniversary 10 Posts
    I might have to Go on the SVR/Interest only for a month or two! 
  • Yorkie1
    Yorkie1 Posts: 12,619 Forumite
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    I saw this comment from @kingstreet after posting my post above earlier this evening:
    https://forums.moneysavingexpert.com/discussion/comment/80536311/#Comment_80536311

    So there may still be hope for a rates move in the next day or few.
  • kingstreet
    kingstreet Posts: 39,444 Forumite
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    A few brokers on our forum Cherry are speculating on today or tomorrow. The cynical ones are suggesting it's timed to coincide with 20 January which is the last date a rate switch for 1 February can be "undone."
    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. Please do not send PMs asking for one-to-one-advice, or representation.
  • jackieblack
    jackieblack Posts: 10,660 Forumite
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    edited 18 January 2024 at 10:20AM
    kingstreet said:
    A few brokers on our forum Cherry are speculating on today or tomorrow. The cynical ones are suggesting it's timed to coincide with 20 January which is the last date a rate switch for 1 February can be "undone."
    I was wondering that myself 

    I’m currently due to switch to a two year tracker, fortunately my remaining mortgage is small enough for any rate change not to be too much of a disaster for me
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    Quidquid Latine dictum sit altum videtur
  • Yorkie1
    Yorkie1 Posts: 12,619 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Still nothing from Nationwide! Way behind many other large lenders, and the last swap date for this month is now in the rear view mirror.

    A very cynical person might assume they are now leaving it until after the 25th (last date to book a rate before the end of this month) - or they just don't want to go any lower despite other firms' decisions. Getting quite disillusioned with them.

    Like the poster above, I am lucky enough to have a sufficiently low balance for it not to make too much difference, but others won't be as lucky.
  • amnblog
    amnblog Posts: 12,784 Forumite
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    edited 23 January 2024 at 8:17AM
    Still nothing as of this morning 23rd January. We would certainly have expected some changes by this stage of the month. The 'sister' firm, The Mortgage Works,  which handles the buy to let business issued new rates last Wednesday (17th).
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • kingstreet
    kingstreet Posts: 39,444 Forumite
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    Nationwide rate cuts tomorrow. Just got email.
    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. Please do not send PMs asking for one-to-one-advice, or representation.
  • theonenonly
    theonenonly Posts: 206 Forumite
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    Does their helping hand product rate change too along with their usual product?
  • Exodi
    Exodi Posts: 4,565 Forumite
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    edited 23 January 2024 at 4:55PM
    kingstreet said:
    Nationwide rate cuts tomorrow. Just got email.
    Some of the rates for those wondering: https://www.nationwidemediacentre.co.uk/news/nationwide-cuts-mortgage-rates-by-up-to-0-81-percent
    Know what you don't
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