Monday, October 27, 2014
Only the beginning
Nationwide Building Society has launched a new range of mortgage rates including its lowest-ever fixed rate deal at 1.74 per cent. The new two-year fixed rate is available up to 60 per cent LTV and offered at 1.84 per cent for new customers, while existing Nationwide mortgage borrowers are offered a rate of 1.74 per cent. A Ã‚Â£999 product fee is attached, reduced to Ã‚Â£499 for first-time buyers. A new five-year fix available up to 60 per cent LTV is priced at 2.84 per cent for new borrowers and 2.74 per cent for existing mortgage customers. A 75 per cent LTV two-year tracker is being launched at 1.44 per cent for new customers and 1.34 per cent for existing customers. Both products carry a Ã‚Â£999 product fee, reduced to Ã‚Â£499 for first-time buyers.