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Nationwide Interest Rates Down Again


Dave Bloke

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9 hours ago, A_P said:

I believe Virgin are now offering a 15 year fixed rate mortgage.

I've just checked and you're right! 80% LTV @2.99%, not bad!

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I read 2.55% somewhere -- but that may be dependent on circumstances.

That's pretty good.

Virgin are also giving me 1.1% on business savings with instant access, so they're being pretty generous there.

S

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7 hours ago, BearyBear said:

I've just checked and you're right! 80% LTV @2.99%, not bad!

Well as it's double a 2 year fix so depending what way the rates go. The last 15 year fix didn't do so well in 2009 at 6.5%.

Having said that it was more to do with the fact banks are fixing 10 and 15 year mortgages so low, I think it shows what direction the banks believe the rates will go. Cash savings are trash

 

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Frank Hovis

They aren't cutting all of their interest rates:

Quote

The building society is hiking overdraft rates for its FlexAccount customers from 18.9 per cent to 39.9 per cent, as it brings in one rate for all and removes daily charges for some customers, after pressure on the industry from the financial watchdog.  

https://www.thisismoney.co.uk/money/saving/article-7284681/Nationwide-FlexPlus-users-spend-abroad-no-fees-August.html

This is for an arranged overdraft.

39.9%

Loan sharks have gone respectable these days; wearing suits and with brass plates on the door.

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3 minutes ago, Frank Hovis said:

They aren't cutting all of their interest rates:

https://www.thisismoney.co.uk/money/saving/article-7284681/Nationwide-FlexPlus-users-spend-abroad-no-fees-August.html

This is for an arranged overdraft.

39.9%

Loan sharks have gone respectable these days; wearing suits and with brass plates on the door.

Quite frankly that is outrageous.

At least they allow for no fees on spending abroad. I wonder if they're loading up the fx rate to compensate :Old:

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