17.10.2008 - UK: Nationwide cuts mortgage rate

From Times Online: Nationwide Building Society, Britain’s third-biggest mortgage lender, today said it would cut its Standard Variable Rate (SVR) by 0.3 percentage points to 6.19 per cent, making it the lowest on the high street. The move follows last week’s half point cut in the Bank of England’s base rate. Borrowers with a £100,000 repayment mortgage on Nationwide’s SVR will see their monthly payments cut by £18.61 to £655.97..... Full Article: Source

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