Nationwide fixed rate and tracker mortgages launched
www.moneynews.co.uk > Mortgages > Nationwide fixed rate and tracker mortgages launched
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Money News |
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Nationwide fixed rate and tracker mortgages launched
Mon 2nd Oct 2006
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The two year fixed rate mortgage has a rate of 4.47 per cent while the two year tracker mortgage offers customers a rate of 4.29 per cent.
A reservation fee of £1,499 is needed to secure both the Nationwide fixed rate and tracker rate mortgages and this can either be added to the loan or paid in a lump sum up front.
Divisional director at Nationwide Steve Clode explained: “We've launched these two new products in response to feedback from borrowers that they would like the option to take a lower rate with a higher fee. "
Mr Clode added that the existing mortgage range was still available to "those customers who prefer to pay no fee, or lower fees, with slightly higher rates".
A key difference between the mortgages is that a fixed rate remains the same whereas a tracker can fluctuate depending on the Bank of England base rate.
Related News : Mortgages |
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Related News : Nationwide |
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