Nationwide mortgage changes |
|
|
| Written by Editor | |
| Tuesday, 16 December 2008 | |
|
UKs largest mortgage lender finally announces release of new tracker products. Nationwide Building Society - LON:POB - has today announced it will be making some changes to its mortgage products, including the launch of a new two year tracker mortgage. The Society is also extending the choice of mortgage products available to existing borrowers who are moving home and require additional borrowing at higher loan to values (LTVs).These changes will be effective from 17 December 2008. Nationwide pulled its tracker range on the day the Bank of England announced its last cut that effectively brought the base rate down to 2%. A host of UK banks and lenders endured criticism for not immediately dropping the tracker rates. The minimum Nationwide tracker offering is now 4.49% - 2.49% above the base rate. However this only becomes available from the 1st of January. |
Digg it! 
del.icio.us 
Newsvine 
Reddit 
Stumble It! 
