From 21 July 2009, Nationwide’s mortgage range will include
One year fixed rate available from 3.59%
- Existing customers switching can borrow up to 95% LTV at 3.59%.
- Existing and new customers moving home can borrow up to 75% LTV. The rate is available from 3.99%.
- £495 reservation fee.
Four year fixed rate available from 5.28% (up to 60% LTV)
- Existing and new customers moving home can borrow up to 95% and 85% LTV respectively. The rate is available from 5.28%.
- Existing customers switching at the end of a Nationwide deal and remortgage customers can borrow up to 95% and 85% LTV respectively. The rate is available from 5.58%.
- £995 reservation fee.
Three year capped tracker available at 3.99% (up to 95% LTV)
- Existing customers switching at the end of a Nationwide deal can borrow up to 95% LTV.
- £699 reservation fee on loan sizes up to £150,000.
- £1,499 reservation fee on loan sizes between £150,000 and £500,000.
Andy McQueen, mortgage director at Nationwide, said:
“We are expanding our range of mortgages as part of our ongoing commitment to offering customers more choice. We now offer a range of fixed rates for between one and five years.
“We’ve also introduced a three year capped tracker mortgage to complement our existing two year capped tracker. Our capped variable rate products are available to existing Nationwide customers who are switching at the end of a deal. As well as a competitive rate, they provide borrowers with the added assurance that payments will not go beyond a certain level should interest rates rise during their deal term.”
