Nationwide launches three deals

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.”