One-year and four-year Nationwide fixed-rate mortgages launched

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One-year and four-year Nationwide fixed-rate mortgages launched

Nationwide has announced the launch of three new mortgages this week - one and four-year products and another three-year capped tracker mortgage.

The one-year mortgage offers a fixed-rate of 3.59 per cent, with a reservation fee of £495, while the four-year fixed-rate product is available with a 5.28 per cent fixed-rate and a possible loan-to-value figure of up to 60 per cent.

Meanwhile, for those considering a tracker product, the three-year capped mortgage offers a rate of 3.99 per cent and a loan-to-value of up to 95 per cent for existing customers.

"Our capped variable rate products are available to existing Nationwide customers who are switching at the end of a deal," explained mortgage director at nationwide Andy McQueen.

In other property market news, figures from Paragon last week showed that yields have risen in the rental sector for the second consecutive quarter after remaining stagnant in previous months.

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