Nationwide makes product changes
Decrease in rates on tracker mortgage range
Two year tracker (with £499 fee*) available from: 4.37%
Lifetime tracker (with £399 fee) available from: 4.68%
*The reservation fee for this product will be increased by £100 to £499 effective Tuesday 23 May 2006.
Nationwide’s two year tracker mortgage (with £599 fee) and three year tracker mortgage (with £399 fee) will be withdrawn.
Increase in rates on fixed rate mortgage range
Two year fixed rate (with £699 fee) available from: 4.65%
Two year fixed rate (with £399 fee) available from: 4.94%
Three year fixed rate (with £399 fee) available from: 4.98%
Five year fixed rate (with £399 fee) available from: 5.08%
10 year fixed rate (with £399 fee) available from: 5.08%
Steve Clode, divisional director, marketing, said: “Nationwide continues to offer some of the best mortgage rates on the high street, whether borrowers opt for a fixed rate or a tracker deal. For instance, our lifetime tracker mortgage now has the lowest lifetime interest rate on the high street and offers great long-term value.
“We have designed our mortgage range to meet the needs of our members and provide the flexibility they require so they can manage their account in a way that suits them. For example, customers opting for a Nationwide tracker mortgage also have the option to switch to a fixed rate without penalty at any time giving them flexibility if their circumstances change.”