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Nationwide is to launch a one and four-year fixed rate and a three-year capped tracker.
With the one-year fixed rate, existing customers switching can borrow up to 95% LTV at 3.59%.
Existing and new customers moving home can borrow up to 75% LTV available from 3.99%. That rate is available with a £495 reservation fee.
For the four-year fixed rate which is available from 5.28%, existing and new customers moving home can borrow up to 95% and 85% LTV respectively. Existing customers switching at the end of a deal and remortgage customers can borrow up to 95% and 85% LTV respectively. The rate is available from 5.58%. A £995 reservation fee will be applied.
The three-year capped tracker available at 3.99% allows existing customers switching at the end of a Nationwide deal to borrow up to 95% LTV. A £699 reservation fee is applied on loans up to £150,000 with a £1,499 reservation fee on loans between £150,000 and £500,000.
Andy McQueen, mortgage director at Nationwide, said: “We are expanding our range of mortgages as part of our ongoing commitment to offering customers more choice.
“Our capped variable rate products are available to existing Nationwide customers who are switching at the end of a deal. As well as a competitive rate, they provide borrowers with the added assurance that payments will not go beyond a certain level should interest rates rise during their deal term.”
The January/February 2012 issue of Your Mortgage is on sale now. In it we feature expert predictions on what will happen to house prices, interest rates and the wider economy in 2012. We also explain the latest State help for first-time buyers, weigh up the relative merits of offset mortgages, and offer handy hints and tips on making sure you have the right home insurance in place. Plus we have all the regular features and our invaluable mortgage basics section. Get your copy now for the latest news, information and help
The Your Mortgage Awards aim to reward those lenders that have excelled in providing innovative and competitive products. Widely regarded as the UK's definitive consumer mortgage awards, the Your Mortgage Awards have now been running for 21 years.





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