Nationwide cuts base mortgage rate by 0.30%
Posted on October 16th, 2008 in mortgage products, property prices |
Following a decision by the Bank of England to cut the Base Rate, Nationwide Building Society has announced that it will decrease its Base Mortgage Rate (BMR) from 1 November 2008. The BMR will decrease by 0.30% from 6.49% to 6.19%, making it the lowest on the high street. Nationwide said that it’s ‘reflects Nationwide’s continuing [...]
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[...] to the agents and Rhett Lewis), some lenders such as Nationwide have made tentative moves to cut their rates, others are still bullish such as Vanessa Warwick and some are just fed-up with the [...]