Mortgage Strategy - Nationwide's application to offer time currently stands at an average of 20 days
Nationwide has informed Trinity Financial that it has increased its new customer fixed rates by 0.3 per cent and tracker rates by 0.2 per cent.
Trinity Financial's Product and Communications Manager Aaron Strutt told Mortgage Strategy magazine that the rate rise may be related to delays in processing mortgage applications. Nationwide's service level agreement includes a processing period of 14 days which had risen to 17 days in July. Nationwide's application to offer time currently stands at an average of 20 days while the average documentation assessment time is 10 working days.
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August 28, 2012
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