Excellent new tracker mortgage | Product News - Moneyfacts

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Excellent new tracker mortgage

Excellent new tracker mortgage

Category: Mortgages
Date: 07/09/2016

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.

The basics…

This mortgage boasts a variable rate of 3.59% for two years and comes with a fee of £999.

The finer details…

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.

Why we like it…

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.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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