Nationwide passes on full rate cut to mortgage holders

By Chris Ray. Published on November 7, 2008 This post currently has no comments.

Nationwide Building Society has announced today that it is passing the full 1.5% cut in the base rate to its 1.4 million borrowers from 1st December.

It’s mortgage base rate will fall from 6.19% to 4.69% and its tracker rates will fall by 1.5% also. This is great news for Nationwide mortgage holders and must surely set an example for some of the other high street banks that are showing less enthusiasm to cut their rates too.

Well done Nationwide.

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