Nationwide shuts door on mortgage hunters

homer_j_3

BACKFRMTHEEDGE wrote: »

Sorry I'm abit thick:rolleyes: Does this mean the tracker rate is going up for new borrowers?:rolleyes: or are they upping the rate on existing trackers too?

It is for new lending - you will track at the agreed rate that was in your original terms and conditions.

MarkyMarkD

By the way, yet another misleading thread title. Nationwide haven't withdrawn any products - the same way that they didn't stop lending over 75% a few weeks ago.

All they've done is to re-price, like every lender does every month.

lkalka

MarkyMarkD wrote: »

By the way, yet another misleading thread title. Nationwide haven't withdrawn any products - the same way that they didn't stop lending over 75% a few weeks ago.

All they've done is to re-price, like every lender does every month.

Don't shoot the messenger, that is the headline of the article in the Times.
Nationwide shuts door on mortgage hunters

Dick_here

Nationwide's Lifetime Tracker is now more expensive than their SVR, and their 2 year fix is the same price as the SVR (with a fee too). They really don't want any more business at present do they !

MarkyMarkD

lkalka wrote: »

Don't shoot the messenger, that is the headline of the article in the Times.
Nationwide shuts door on mortgage hunters

Sorry - I couldn't be bothered to read the article but suspected it would be as you say.

mpsavuk

Caffca wrote: »

Lord, anyone trying to get back onto the property ladder (whether FTB or buying after selling and renting) just can't win. Initially - prices soaring so if you're being sensible about income multiples, there's nothing to buy and now prices (not soaring so much - not getting into a HPC debate), interest rates are going up cos no-one wants new business, so you can find a house in the right price range but compared with just 3 months ago, the interest rates are going up making affordability an issue again for your monthly repayments!!

I give up. I'm obviously destined to have to keep living at my mum's forever - I will go mad (mind you, they tend not to lock you up for murder while insane do they?! )

Don't murder your Mum! Who's going to do your washing for you when she's gone!

Caffca

mpsavuk wrote: »

Don't murder your Mum! Who's going to do your washing for you when she's gone!

:rotfl: :rotfl:

I'm quite good at the washing - it's cooking I hate but 12 months back at mums after 20 years living independently is starting to seriously do my head in.

Roll on July, when I'm out of probation in the new job and I can get a place of my own again - even if it's just a shed! :rolleyes:

cepheus

Here is the Daily Mash's take on this

http://www.thedailymash.co.uk/news/business/banks-use-man%11eating-tigers-to-deter-new-borrowers-20080328827/ :rotfl: