This will expand the offering and innovative mortgage solutions to home movers, remortgagors and first time buyers.
Available exclusively to brokers, the range includes free valuation on purchases; capped trackers; early repayment charge (ERC) free trackers; a range of cash back options and a lifetime variable rate product.
Capped trackers
- Two year products starting from 2.89% (BBR + 2.39%) with rates capped 1% higher
- Up to 85% Loan to Value (LTV) on selected products, with 1% and 2% arrangement fee options
Fixed and tracker purchase products
- Choice of free valuation fees or up to £1000 cash back options
- Two, three and five year rates starting from 3.64%, up to 85% LTV and 0.5% fees
- Two year trackers, starting from 2.89% (BBR + 2.39%), up to 80% LTV with 0.5% fees
Fixed rate and tracker remortgage products
- Two year fixed with rates starting from 3.64%, up to 85% LTV with a choice of £500 cash back or free standard legal and standard valuation fees.
- Three and five year fixed rates available with no arrangement fee and £500 cash back.
- Two year tracker from 2.94% (BBR +2.44%), 2.00% (minimum £595) fee with a choice of £500 cash back or free standard legal and standard valuation fees
Other highlights to the range include:
- Two year ERC free tracker from 2.99% (BBR +2.49%) up to 75% LTV
- Two, three, four, five and seven year fixed rate mortgages from 2.59%, 0% fee on seven year product
- Lifetime variable rate at 4.79% and available up to 85% LTV, 0% fee.
- Two and three year Stepped Trackers
Andy McQueen, director of mortgages at Nationwide and The Mortgage Works said:
"We have developed this range of innovative mortgages, which are complementary to those on offer from Nationwide, to continue to help intermediary customers. In addition to the range of specialist mortgages already on offer from TMW, brokers now have access to an even greater range of exciting and compelling prime mortgages which will meet the needs of their customers.
"These new products further signal our commitment to offering greater choice and innovation to the intermediary channel which remains a vital and integral part of our mortgage proposition."
The launch of the new prime range complements and coincides with the simplification of the range of prime mortgages currently offered by Nationwide; making it easier for customers to understand, while having access to the same great products and service.
