Nationwide reveals new mortgage deals

Thursday, 10 December 2009 12:00

Nationwide is unveiling a new range of mortgage deals which will benefit from fresh rate cuts.

Among the deals is a two-year fixed-rate mortgage with interest starting at 3.69 per cent for customers borrowing up to 70 per cent of their property's value.

There is also a two-year tracker available with rates starting at 2.64 per cent for 70 per cent loan-to-values (LTVs). Both these deals come with a £99 booking fee and £896 reservation fee.

For those who do not want to pay the reservation fee, there is a two-year fixed-rate deal at 3.99 per cent for 70 per cent LTVs and a two-year tracker with interest starting at 2.64 per cent. The £99 booking fee applies.

There is also a three-year fixed-rate and three-year tracker mortgage with rates of 4.39 per cent and 2.99 per cent respectively. Both are for LTVs of 70 per cent and have a £99 booking fee and £896 reservation fee.

Andy McQueen, mortgage director at Nationwide, said: "We are making widespread rate cuts on the majority of our house purchase products of up to 0.29 per cent.

"This, together with the special offers we have available for first time buyers and house purchasers, is good news for those trying to get on the housing ladder or secure a new home."

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