With effect from 20 August 2010 all 2, 3 and 5 year fixed rate Remortgage products will be reduced, all 3 year tracker Remortgage products with £995 fee are also reduced. In addition selected Additional Borrowing products will be reduced by 0.20%.
With effect from 6 August 2010, we will be making various changes to our product range including reductions of up to 0.30% across our Home Buyer, Remortgage and Further Advance ranges, Home Buyer 3 year tracker increased by 0.09% at selected LTV tiers and reduced by up to 0.21% at other tiers.
The price of a typical UK property inched up by 0.1% in June 2010, with the annual rate of house price inflation dropping from 9.8% to 8.7% and the announcement of a budget with mixed implications for the housing market.
Giving you the best possible service is our top priority. We're sending you a snapshot of our current service levels, so you can see just how quickly we're processing your cases.
With effect from Thursday, 19 August 2010, we will only be able to accept applications for subsequent Additional Borrowing if the customer's main Nationwide mortgage account has been open for six months or longer.
Every month, we like to update you on our latest service levels. Follow the link below to see how quickly we're processing your cases and find out about changes to our lending criteria for Equity Share applications and Transfer of Equity process.
With effect from 5th July all new MTE or Paper only business submitted to our Glasgow Service Centre will be transferred to our Northampton dedicated intermediary site. For all pipeline business, large loan enquiries /applications and sending outstanding items or proofs, you should continue to use Glasgow.
From 11 June we'll be simplifying our product range and lending limits. This change is part of NFI's commitment to offering a straightforward range of mortgages, making it easier for your clients to understand the options available to them. We will also be reducing rates by up to 0.96% on selected products.
|
|
