Nationwide Rate Change - when?

onefurlongout

With lenders frantically changing rates does anyone have an idea when Nationwide will change theirs, is one exepcted in Jan? Current deal coming to an end and alternatives are cheaper but so much easier to go with existing lender to avoid all the hassle

Moneysavernov

My post is a few down. Same question 😂


fingers crossed it’s soon 

onefurlongout

My bad for not looking

Fingers crossed, looking like I might have to go on SVR for a month

Moneysavernov

When does yours end?  

Quite a few of the other banks have cut so you would imagine nationwide won’t be to far away from joining them very soon 

Hoenir

All depends on their appetite to lend and the cost to them of borrowing the money. 

onefurlongout

Moneysavernov said:

When does yours end?  

Quite a few of the other banks have cut so you would imagine nationwide won’t be to far away from joining them very soon 

End of the month. monthly amount will go up by £408 if going to SVR or c.£170 if I go elsewhere althought timing will be tight to change before the month end hence the need to go onto SVR. Staying with Nationwide (on a new rate) would be preferable

onefurlongout

Hopefully should hear something tomorrow re Nationwide rates - Fingerscrossed for a good news

kingstreet

Nationwide rate reductions for tomorrow already announced.

Exodi

kingstreet said:

Nationwide rate reductions for tomorrow already announced.

Some of the rates for those wondering: https://www.nationwidemediacentre.co.uk/news/nationwide-cuts-mortgage-rates-by-up-to-0-81-percent

Zerforax

The rates may look lower at Nationwide but the product fees are very high! Most are £999 or £1,499.

draiggoch

I have to say the 5 year fix for 60%LTV is quite decent at 3.99% with no fee.