Nationwide BS cuts tracker mortgage rate | Product News - Moneyfacts

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Nationwide BS cuts tracker mortgage rate

Nationwide BS cuts tracker mortgage rate

Category: Annuities
Date: 23/10/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nationwide Building Society has cut the rate on its two-year variable tracker mortgage by 0.45%, making it the lowest rate for its sector.

The basics…

This tracker mortgage now has a variable rate of 1.44% at a loan-to-value (LTV) of 60-75%. A reduced fee of £499 is payable for first-time buyers, while a fee of £999 is payable for all other borrowers.

The finer details…

This mortgage is available to first-time buyers, second-time buyers and remortgagors. While first-time buyers can benefit from a lower fee, remortgagors can profit from an incentive package of free valuation and either a £250 rebate upon completion or free legal fees.

Repayments can be flexible, with both overpayments and underpayments permitted, subject to approval.

Why we like it…

This mortgage now offers the lowest rate for its sector, which is sure to catch the eye of borrowers. The reduced fee is a definite bonus for first-time buyers, while the incentive package for remortgagors is also very generous.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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