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Nationwide sets up remortgage &#39takeaway&#39 deal

Nationwide Building Society is offering a remortgage service designed to make the process easier for borrowers looking for a better deal.

The “takeaway” remortgage service has been set up after recent research involving over 1,000 people and following Council of Mortgage Lenders data showing borrowers are annoyed about new customers getting better deals.

The Nationwide research found that 83 per cent of borrowers and 81 per cent of first- time buyers think it is unfair for new customers to be offered lower rates of interest than existing customers.

About 40 per cent doubt that their lender is giving them the best deal and 46 per cent claimed to be looking for better mortgage deals even though they are not moving home.

Nationwide says visitors to its branches are given a remortgage in a bag containing a guide on the process, details of products available and an application form.

Marketing and commercial director Stuart Bernau says: “This takeaway service will make remortgaging easier, with no need to make an app-ointment, no fees to pay and only good value, transparent and flexible products to choose from. Borrowers are increasingly recognising when they need to move their mortgage and get themselves a better deal.”

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