Nationwide announced today they won't be passing on any more interest rate cuts to their mortgage customers to 'protect their savers'. It's wobbling I reckon.
Actually one of the safest of the large lenders right now. It's far cheaper to raise money from savers than from the wholesale markets right now, so it makes lots of sense to keep the savings rates higher. As there are fewer lenders with much more demanding criteria right now the NW have worked out that they will lose only a few mortgage customers by keeping their rates up.