Here is the latest update from Nationwide Building Society. For full details see their latest product information here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Switcher cancellation change policy
From today, Monday 26 June, we’re making some changes to our Switcher cancellation policy.
For rate switch cancellations submitted from this date, you can cancel a rate switch on or before the 20th of the month before it’s due to start, or the next working day where the 20th is a non-working day.
For example, for a rate switch submitted today, due to start on 1 August, the last day to cancel it would be 20 July.
This update will help your clients to cancel and reserve another product in time for the next month.
Visit our website for full details.
Rate changes
From tomorrow, Thursday 29 June, we’re increasing fixed rates by up to 0.35%.
This includes rates across our New Business, Swtcher, Additional Borrowing and Existing Customer Moving Home ranges.
We will also be increasing all tracker rates by 0.50% following the Bank of England base rate change.
Remember, you can reserve a product without needing to submit a full mortgage application (FMA). You just need to submit a Decision in Principle (DIP), click on ‘Reserve Product’ and follow the prompts. For full details please see our ‘How to reserve a product‘ webpage.
Existing products must be reserved by 8pm today, Wednesday 28 June.
Visit our website for more details or download our product guide below.