Nationwide mortgage deals 'ideal for first-time buyers'
www.moneynews.co.uk > Mortgages > Nationwide mortgage deals 'ideal for first-time buyers'
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Nationwide mortgage deals 'ideal for first-time buyers'
Wed 27th Feb 2008
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According to Matthew Carter, director of mortgages at Nationwide, these home loans are "excellent value" for people who want to borrow up to 95 per cent of their property's value.
However, he cautioned buyers that they should make sure to remember that the headline interest rate is not the total cost of the mortgage, but fees and charges are also required.
"Buying your first home is an exciting experience, which shouldn't be spoiled by paying more than you need to for your mortgage," he remarked.
Mr Carter suggested that people hoping to get on the property ladder should look around for the best deal before deciding on a mortgage, as this comparison "could make a big difference".
Nationwide offers a two-year fixed-rate mortgage with a 6.45 per cent rate and a tracker with a 6.18 per cent rate; both require a £499 application fee.
The building society recently welcomed the chancellor's support of long-term fixed-rate mortgages, saying they offer stability to homebuyers.
Related News : Mortgages |
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Related News : Nationwide |
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