Nationwide Building Society has reduced the rate on its two-year fixed mortgage by a significant 0.35%, catapulting it back into the Moneyfacts charts.
This mortgage now has a fixed rate of 3.89%, enabling it to take a place among the top deals of its sector. It is available at a loan-to-value (LTV) of 95% and has a fee of £999.
This mortgage is available to house purchase customers who are in possession of a modest 5% deposit. All borrowers can take advantage of an enticing incentive package of free valuation, while first-time buyers can also profit from a generous £500 rebate upon completion.
In addition, this deal offers a welcome degree of flexibility in terms of repayments: both overpayments and underpayments are permitted, provided certain conditions are met.
The rate reduction has enabled this deal to re-establish itself in the charts, a move that is sure to be noticed by borrowers with a modest deposit. The competitive rate is bolstered by the flexible repayment options and the generous incentive package, which should especially appeal to first-time buyers.
Moneyfacts rating: Excellent
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