Benefits of Mutuality?

The Nationwide has announced that they are ending their policy of offering the same rates for every customer.

This is regrettable because they were seen as different and in my opinion their stance with regard to this was perceived as one of the benefits of mutuality. That said, offering different rates depending on the status of the buyer does tend to favour first time buyers, which in difficult times for many of them, can be argued to be a good thing for them at least.

Nationwide often criticised other lenders, particularly in a high profile advertising campaign based on the benefits of mutuality being demonstrated in one rate for all borrowers, and to reverse this stance looks to be a bit hypocritical.

I’ve added a link to read about what was said in the Times; if you are stuck on a standard variable rate or simply want to address your borrowing, discuss rates, look at buy-to-lets or to find out what’s out there, then give Jane a call or e-mail her.

http://business.timesonline.co.uk/article/0,,9063-2474919,00.html

Jane Robertson
020 7 491 5060
j.Robertson@morgans.co.uk


Johnny