I read with interest the article, IFAs' anger over Nationwide Cat on mortgages (Money Marketing, April 5).
I do think that this is being unfair to Nationwide because although it has applied a Cat standard across the range of products (and what's wrong with that?), Nationwide – unlike the Halifax – gives daily interest automatically to existing clients as well as offering new and improved fixed rates.
Of course, there are better and worse product ranges on the market and it is for the likes of David Hollingsworth (mortgage specialist at London & Country) and myself to source, and, indeed, justify appropriate recommendations.
High-street lenders have been losing market share and I can only applaud those which change positively.
Well done Nationwide and we – as IFAs – will continue to research in the best interests of our clients.
Evans Ash Financial Services,Penkridge,Staffordshire