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Nationwide slashes rates

Nationwide has cut its rates on its range of fixed rate mortgages.

The new rates will be available from tomorrow and include, two-year fixed rate (699 fee) with a rate at 4.88%, two-year fixed rate (399 fee) with a rate at 4.97%, three-year fixed rate (399 fee) with a rate at 5.18%.

Also included is the five-year fixed rate (399 fee) with a rate at 5.18% and ten-year fixed rate (399 fee), with a rate at 5.18%.

Steve Clode, divisional director, marketing, says: “Nationwide prides itself
on offering some of the best mortgage rates on the high street – all
borrowers, whether new or existing, can make significant savings by having their mortgage with the society.”

All of Nationwide’s fixed rate mortgages offer borrowers the flexibility to
overpay or underpay during the deal period and are available to both new and
existing borrowers.


Cartel signs up Amcat

Mortgage intermediary Cartel Group Holdings has signed up Amcat to provide inbound, outbound and blended customer interaction system.Ian McCormick, head of international communications and associate director at Cartel, says: Our mission since we formed in 1997 has been to offer customers long-term solutions that encourage them to stay with us. We dont just look at […]

Nationwide base rate row goes on

Nationwide has come under fire again over the way it displays the Bank of England base rate on sourcing systems. Last week Mortgage Strategy re-ported that the society had asked sourcing system Trigold to change the base rate back to 4.5% on its system despite the recent 0.25% increase. One broker claimed Nationwide was falsely […]

paaleads launches telephone leads service has launched a new telephone qualified mortgage leads service called Qualified by Telephone. The scheme gives intermediaries greater opportunity to access quality leads and boost business profitability. The QbT service presents a significant opportunity to pass leads straight to intermediaries without delay.Whilst on the phone, a team member will confirm the QbT lead […]

More landlord cover taken out

There has been an 88% rise in the number of landlords’ building and contents insurance policies taken out in the past 12 months, says Paymentshield.

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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