Nationwide reduces selected tracker mortgage rates

Nationwide is to reduce rates by 20 basis points on its range of two and three-year tracker mortgages from Tuesday 17 May 2011.

Related topics:  Mortgages
Millie Dyson
16th May 2011
Mortgages
The tracker product range from Nationwide will include the following:

Two-year tracker rate available at 2.59% (up to 70% LTV)

- £400 product fee, £99 booking fee (payable upfront and non-refundable) for new home movers, first-time buyers and existing customers moving home

-  £900 product fee, £99 booking fee (payable upfront and non-refundable) and no standard valuation or standard legal fees for remortgage customers

- Products available up to 85% LTV

Two-year tracker rate available at 2.99% (up to 70% LTV)

- £0 product fee, £99 booking fee (payable upfront and non-refundable)

- No standard valuation or standard legal fees for remortgage customers

- Products available up to 85% LTV

Martyn Dyson, head of mortgages at Nationwide, said:

"Our tracker customers have the reassurance of knowing that, with Nationwide, they can switch to a fixed rate from our Switch & Fix range at any time in the future without having to pay an Early Repayment Charge.

"We also allow borrowers to take part of their mortgage on a fixed rate and part on a tracker."
More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.