Nationwide BS has launched two new variable tracker rate mortgages, including a two-year deal with one of the lowest rates available in the 95% loan-to-value (LTV) sector. This, combined with some attractive incentives, has comfortably earned the new deal an excellent rating.
This mortgage boasts a variable rate of 3.59% for two years and comes with a fee of £999.
The deal is offered to house purchase customers a deposit of just 5%. It comes with the incentives of free valuation for all borrowers and £500 cashback for first-time buyers, as well as the option to make over- and underpayments (provided certain conditions are met), which gives some welcome flexibility.
The low rate, reasonable fee, flexibility and incentives all add up to make this tracker mortgage attractive, especially to first-time buyers with only a small deposit to spend. As a result, this deal certainly earns its high rating.
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