Nationwide in 'amazing' U-turn

Nationwide has been accused of an 'amazing' U-turn over its promise to offer new and existing customers the same mortgage rates.

Britain's biggest building society has been running a major advertising campaign mocking rival banks that refuse to offer existing customers a fair deal.

But in a surprise move, Nationwide has announced that from December existing customers remortgaging will pay 0.1% to 0.25% more than first-time buyers or customers moving home.

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