Nationwide tracker mortgage and fixed-rate mortgage fees cut

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Nationwide tracker mortgage and fixed-rate mortgage fees cut

Anyone with a Nationwide fixed-rate mortgage or a Nationwide tracker mortgage may be pleased to hear the latest news form the financial services provider.

Nationwide has announced that has cut the price of some of its mortgage deals, as well as ensuring that from August 4th onwards, £99 of all existing reservation fees will be non-refundable and considered as a booking fee.

To be paid upfront, the fee does not apply to further advance applications or switcher packages and cannot be added to the loan.

The changes encompass Nationwide's two-year and three-year fixed-rate mortgages and two-year tracker. Options are also available for those looking to remortgage.

Meanwhile, research conducted recently by Halifax found that the spending power of British homeowners has risen by a tenth over the last year, with the average disposable income of a mortgage-paying household in the UK rising from £892 to £989.

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