Nationwide mortgage deals launched

Date:Thursday 5th March 2009
Author: Susanna Kavka

New mortgage deals have been announced by Nationwide.

The Nationwide mortgages are for fixed-rate deals of two, three or five years' duration.

Mortgages for two and five years can be taken out for loans-to-value (LTVs) of up to 60 per cent, while the three-year deal can be obtained for LTVs worth as much as 75 per cent.

However, all the offers can be taken out for a 95 per cent LTV for existing borrowers who are moving house, or for 85 per cent LTV for new customers.

They also all come with a £995 reservation fee.

Rates are 3.88 per cent, 4.18 per cent and 4.98 per cent for two, three and five-year deals respectively.

Late last month, Nationwide announced three new tracker mortgage deals.

Also available for two, three or five years, they had respective rates of 3.63 per cent, 3.58 per cent and 4.98 per cent, as well as £995 reservation fees.

Higher LTVs were available for new customers or existing ones who were switching at the end of a deal or moving home.