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I will not be falling for Nationwide’s unfair SVR tricks

I am a broker and have a Nationwide mortgage. I went onto its base mortgage rate earlier this year and since then have been bombarded with letters and telephone calls asking me to take a new product from it.

But in the small print it states that if I take a new product I will not revert back to the BMR in future.

The BMR is far better than the SVR so how can this be treating customers fairly and how many of its customers have unwittingly fallen into this trap?

Not me, that’s for sure.



Little Britain

Making a big noise with Little Britain

Visiting a Nationwide Building Society branch should be more fun than it used to be if the new series of advertisements that embrace television comedy stars of Little Britain and the first commercial work involving comedy duo Matt Lucas and David Walliams are anything to go by. But that is surmise rather than a guarantee. […]

The mortgage mole

Lost for words It seems that barely a day goes by on Mortgage Strategy Online without a broker slinging an insult or two in the direction of the Financial Services Authority. With challenges from brokers last week including “Pants down, come and give me some more, FSA. I can take it. Go on, you know […]

Co-op Bank and Britannia unveil fixed rate deals

The Co-operative Bank and Britannia are launching two fixed rate deals starting from 2.95%. The products include a two-year fixed rate at 2.95% up to 75% LTV and a five-year fixed rate at 3.99%, again up to 75% LTV.

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]


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