Nationwide announces 3 new mortgage deals

Nationwide has announced the launch of 3 new mortgage deals -1 year fixed rate, a 4 year fixed rate and a three year capped tracker mortgage.

The one year fixed rate for existing customers is 3.59% with a LTV of 95%.  New customers and those existing customers moving home the rate is 3.99% with a LTV of 75%.  There is a reservation fee of £495.

The 4 year fixed rate mortgage is available to new and existing customers, and the rates vary depending on whether the customer is new or existing and what LTV is required. The best rate available is 5.28% for up to a 60% LTV mortgage.

There is a £995 reservation fee across the 4 year fixed deal variations.

The three year capped tracker is at 3.99 per cent with a 95% LTV ceiling. Existing customers can borrow up to 95 per cent LTV if they switch deals. There is a £699 reservation fee on loan sizes up to £150,000 and a £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.”

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