Nationwide BS has joined the race for first time buyers with the launch of a cracking new five year fixed rate.
The mortgage is only available to first time buyers and available through Nationwide braches.
It offers a rate of 5.89% for five years on a maximum loan-to-value of 90%, and requires a fee of £499.
This is a highly competitive deal in an area of the market that is slowly seeing more products being launched.
Four out of five Moneyfacts stars have been awarded.
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