With effect from Friday 24 September, Nationwide will offer remortgage products free from product, standard valuation and standard legal fees, with a booking fee of just £99.
Remortgage customers can now choose from 2, 3 and 5 year fixed rate ‘fee-friendly' deals. In addition, selected fixed rates will be reduced by up to 0.30%, across both the remortgage and house purchase ranges.
The remortgage product range from Nationwide will include the following:
Three-year fixed rate available at 4.09% (up to 70% LTV)
- No product fee
- £99 booking fee (payable upfront and non-refundable)
- No standard valuation or standard legal fees
- New customers can borrow up to 85% LTV
Five-year fixed rate available at 4.69% (up to 70% LTV)
- No product fee
- £99 booking fee (payable upfront and non-refundable)
- No standard valuation or standard legal fees
- New customers can borrow up to 85% LTV
In addition, remortgage customers can now choose from 2, 3 and 5 year trackers, benefiting from the same ‘fee-friendly' approach.
For example, three-year tracker rate available at 3.09% (up to 70% LTV)
- No product fee
- £99 booking fee (payable upfront and non-refundable)
- No standard valuation or standard legal fees
- New customers can borrow up to 85% LTV
Andy McQueen, divisional director for mortgages at Nationwide, said:
"For many customers our ‘fee-friendly' approach will mean the difference between being able to get the deal they want or being forced to stay put just because they can't afford the upfront costs of looking around.
"With rates reducing by up to 0.30% across our range of fixed rate products, now really could be the time to remortgage and fix for peace of mind against rising rates in the future."
