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Nationwide Overhauls Mortgage Range

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Nationwide overhauls mortgage range

Nationwide Building Society is set to increase its further advance rates by 0.30 per cent across all its loan-to-value (LTV) tiers from tomorrow (10 June).

Furthermore, the building society will also increase the rate on its three-year fixed remortgage to 4.39 per cent for a loan of up to 60 per cent LTV.

According to Nationwide, all other rates and lending criteria will remain unchanged.

The society's subsequent additional borrowing fixed rate products for existing borrowers from tomorrow include a two-year fixed with no fee at a rate of 5.68 per cent for up to 60 per cent LTV, or 5.88 per cent for up to 75 per cent LTV and a rate of 7.53 for 85 per cent LTV.

Meanwhile, its two-year fixed product with a fee of £599 will have a rate of 4.98 per cent, 5.18 per cent or 6.78 per cent for loan sizes of 65 per cent LTV, 75 per cent LTV, and 85 per cent LTV respectively.

A three-year fixed with a fee of £995 will offer a rate of 5.08 per cent on loans of up to 65 per cent, LTV, while the five-year fixed rate product, also with a fee of £995, will come with a rate of 5.78 per cent.

Nationwide's tracker products for existing borrowers will include a two-year tracker of 4.13 per cent, (bank base rate plus 3.63 per cent) for an LTV of 60 per cent, with a fee of £995.

Its three-year tracker will come with a rate of 4.06 per cent, or bank base rate plus 3.56 per cent, with a fee of £995 and a maximum LTV of 60 per cent LTV.

The building society's lifetime tracker for maximum loans of 60 per cent LTV will also have a £195 fee and a rate of 4.29 per cent - or bank base rate plus 3.79 per cent

Existing products can be reserved online through Nationwide's e-trading website or via the Mortgage Trading Exchange until 5pm today (9 June). Paper applications for the current products must also reach the service centres by the same time.

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that should read "Nationwide Prices Itself Out of Mortgage Market". 5% for a 2 year fix with 35% deposit. :lol:. "Here you go HSBC, you suck this lot up. We will wait, thanks"

They may well do. HSBC bought that total pile of shit HFC bank. It took about two minutes of looking at that purchase and realising what a truly desperate business model that entity had, it is like watching a turd floating down the river and diving in to save it and drowning yourself in the process.

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Do the banks borrow at the base rate?

I assume thats a rhetorical question, as I know you know the answer to that.

I know the answer is no and think the answer is:

If its overnight-3months, Libor for the relevent period as an average for all banks.

If its longer, thats where the swap rates come in.

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Do the banks borrow at the base rate?

I assume thats a rhetorical question, as I know you know the answer to that.

I know the answer is no and think the answer is:

If its overnight-3months, Libor for the relevent period as an average for all banks.

If its longer, thats where the swap rates come in.

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that should read "Nationwide Prices Itself Out of Mortgage Market". 5% for a 2 year fix with 35% deposit. :lol: . "Here you go HSBC, you suck this lot up. We will wait, thanks"

In simple language for Sibley, Rinoa etc.. to understand.

"Lend you money to buy a house! You must be fu**ing joking!"

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this should mean better rates for savers then (although they will be slow about bringing it in).

Do we really have to start looking at the mortgage rates to find the best savings rate these day?

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All this with a base rate of 0.5%.

What a farce!

Yup.

SUCKERS LOANS...

Just another case of

LIAR LOANS...

i.e. PREDATORY LOANS...

Edited by eric pebble

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They may well do. HSBC bought that total pile of shit HFC bank. It took about two minutes of looking at that purchase and realising what a truly desperate business model that entity had, it is like watching a turd floating down the river and diving in to save it and drowning yourself in the process.

:lol:

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a couple of days ago the changes in Nwide rates from tomorrow were the basis for a "good news" story from the bulls about increased mortgage availability

but it seems they were being extremely selective

now we get the full story it's actually a "bad news" story about rising rates

who'd have though it

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Banks are putting their rates up ... ominous sign for the future if you ask me.... the rest will follow.

The clock starts ticking louder and louder ... perhaps the threat isn`t going to come from base rate increases after all (well its not as if banks paid attention on the way down!!) but from the lenders increasing their rates and margin calling those on SVR's etc...

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In simple language for Sibley, Rinoa etc.. to understand.

"Lend you money to buy a house! You must be fu**ing joking!"

Post of the month! :lol:

Where are that shower of turds? I want to rub their noses in this like naughty puppies.

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Post of the month! :lol:

Where are that shower of turds? I want to rub their noses in this like naughty puppies.

Put simply - they don't post on threads they don't like. It is pretty lame.

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