Nationwide Building Society Expands Mortgage Products

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The Nationwide Building Society has new mortgage rates for customers remortgaging and those taking additional borrowing.

Nationwide Building Society (http://www.nationwide.co.uk/)] today announces that it is extending its range of mortgage deals for existing customers who are coming to the end of their deal. With effect from 10 June 2009, Nationwide's mortgage product range for switchers will include:

  • New two and three year capped tracker rates with no tiering up to 95% LTV
  • New two and three year fixed rates with no tiering up to 95% LTV
  • Two and three year fixed rates with no tiering up to 95% LTV

Nationwide is introducing a new mortgage rate of 4.39% on its three year fixed rate with a £995 fee (0-60% LTV) for those who are remortgaging or switching. The Society is also launching a new range of online home mortgage loan products for those wishing to take out additional borrowing.

Andy McQueen, mortgage director at Nationwide, said: "We are now offering a range of additional mortgage options for existing customers who are coming to the end of their deal. In some cases, borrowers will have the opportunity to fix their mortgage deal at a lower rate or to take a variable rate product with a cap. As well as being able to choose from a wider product range, the new capped trackers will give customers the added assurance that their payments will not go beyond a certain level should interest rates rise during their deal term."

Additionally, Nationwide Building Society are also pleased to announce that their insurance division has gained a defaqto 5 stars for its home insurance product.

Contact:
Neil Gatherum
Digital Marketing
T: 01793 654852
http://www.nationwide.co.uk
Ref: 20091NW

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Neil Gatherum
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