Low LTV rates Nationwide

daveaspy

Ah, apologies - I've just spotted the difference. Its down to Nationwide picking the fee option that results in the cheapest overall cost and I'd not noticed it change.

It just so happens that in the >15% LTV case (maybe its just coincidence it happens on this boundary for my property value), for tracker only, its cheaper to include the £999 fee upfront which gives you the better tracker rate - all the other cases are cheaper overall with no product fee and a higher rate.

Now I'm just thankful I got in at BR + 0.74 before they sneakily increased it to the current BR + 0.89 in anticipation of the rate cut.

Hoenir

daveaspy said:

Now I'm just thankful I got in at BR + 0.74 before they sneakily increased it to the current BR + 0.89 in anticipation of the rate cut.

As BOE base rate falls. Be no surprise to see the differential on mortgage products increase. A return to the pre 2007 era.