Nationwide is set to launch its latest 2 year tracker mortgage at 90% loan to value (LTV) which now comes with a no fee option for borrowers who have an existing Nationwide savings account. The latest Nationwide fixed rate mortgage offers include new products priced at a rate of 2.49% with a £999 product fee, or 2.89% with no fee.
This follows the announcement that Nationwide will be removing all standard valuation fees from its mortgage range, allowing customers to select any mortgage and still benefit from fee-free standard valuations. Mortgage customers with a main Nationwide Flex account who apply for this deal will also be eligible for a £250 cashback on any product across the mortgage range.
Nationwide’s whole prime mortgage range is now available to combine with a Flex main account cashback, with customers opting for a more detailed Nationwide Homebuyers Report also paying a reduced top-up fee depending on the overall value of the property. The lender has also stated that it will withdraw its previous 3 year tracker and 4 year fixed rate products.
In response to the upfront costs which are so often required when it comes to moving home, the lender has lifted the burden this can often bring, seeking to aid existing home movers and first time buyers. Along with this, first time buyers can access £500 cashback upon completion of the purchase, while remortgage customers have the option of free standard legals or £250 cashback.
The latest Nationwide fixed rate mortgage offers come as great news to those looking to take out higher value loans, to benefit from the mortgage deals available, as more people continue to opt for fixed rates – especially as many are still anticipating an interest rate rise in the near future.
It’s worth noting that lenders are likely to start discounting their tracker products in relation to this, as well as revealing even more beneficial deals to meet their end-of-year targets. Watch this space.