About-turn for Nationwide

Nationwide is to end its widely publicised policy of giving exactly the same deals to existing mortgage customers as new ones.

In a complete about-turn , Nationwide, the world's largest building society, who's well known tv adverts show exisiting customers getting the same deals as new ones, will change its pricing so that existing customers who want to re-mortgage, switch deals or borrow more will be hit with higher rates than those buying a new home.

A Nationwide spokeswoman said the new range of products reflects the general market trend for "slightly better rates" for home-movers.