Nationwide has stormed the Moneyfacts charts by reducing selected fixed rate mortgages by up to 0.55%. One of the products to benefit was its 10-year deal, which has now secured a market-leading position.
The basics… This mortgage now has a highly competitive rate of 2.94% fixed for 10 years at a loan-to-value (LTV) of 60%, making it the lowest rate currently available in its sector. A competitive fee of £999 is payable by homemovers and remortgagors, while a reduced fee of just £499 is payable by first-time buyers.
The finer details… This deal is available to all borrowers with a deposit of at least 40%. Those looking to remortgage can benefit from an incentive package of free valuation and free legal fees, while all borrowers can profit from the repayment flexibility of overpayment and underpayment options.
Why we like it…
This long-term deal is an eye-catching offer, combining a competitive rate with attractive fees and flexible repayment options. As such, it is likely to appeal to a range of borrowers with the right deposit, with remortgagors in particular benefiting from an enticing incentive package.
The highest accolade of five Moneyfacts Stars has 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 Any products featured may be withdrawn by their provider or changed at any time.
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