Fixed Rate Mortgage - 5 Year Introduced
A new five year fixed rate with a £1,499 fee, available from 5.88% for house purchasers and 5.68% for re-mortgage, further advance and existing customers wishing to switch to a new deal.
Nationwide, the building society has also signalled the introduction of a new LTV tier at 60% LTV across all products. It says borrowers may see a reduction in the tracker rate available, no change or a slight increase depending on their L.T.V. tier.
For large mortgage loan borrowers with an LTV of up to 60% Nationwide will increase maximum borrowing from £500,000 to £1 million on all products except those with a reservation fee of £1,499, where the limit will remain at £500,000.
Tags: mortgage