Nationwide tracker mortgage added
www.moneynews.co.uk > Mortgages > Nationwide tracker mortgage added
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Money News |
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Nationwide tracker mortgage added
Tue 14th Feb 2006
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Both of the products have been introduced in order to specifically target the intermediary market.
The two-year tracker mortgage will start with an interest rate of 4.39 per cent and a rate of 4.44 per cent will be available for the two-year fixed option.
Both of these new offers charge a reservation fee of £599 – this can either be paid immediately or added to the loan itself.
Head of intermediary markets at Nationwide Tim Hughes said: "While our products are available to all, we have listened very carefully to the needs of our intermediary audience.
"Our new products will give intermediaries options to advise their clients."
Nationwide also announced that the interest rate on its current two-year tracker deal is to be decreased from 4.54 per cent to 4.49 per cent.
The new Nationwide tracker mortgage and the fixed-rate offering are introduced in addition to its current range of products, which remains unchanged.
A switch and fix facility allowing clients to stabilise their mortgage should interest rates rise has also been launched by the building society.
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Related News : Nationwide |
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