{"id":850,"date":"2009-08-11T10:48:42","date_gmt":"2009-08-11T09:48:42","guid":{"rendered":"http:\/\/www.hip-consultant.co.uk\/blog\/?p=850"},"modified":"2021-06-02T17:41:46","modified_gmt":"2021-06-02T16:41:46","slug":"nationwide-reduces-fixed-and-tracker-rate-mortgages-123","status":"publish","type":"post","link":"http:\/\/www.hip-consultant.co.uk\/blog\/nationwide-reduces-fixed-and-tracker-rate-mortgages-123\/","title":{"rendered":"Nationwide reduces price of fixed and tracker rate mortgages"},"content":{"rendered":"<p>Nationwide Building Society has announced that it is cutting the price of many of its fixed and tracker rate mortgages by up to 0.50%. This comes as welcome news as the banks and building societies have held what some have described as inflated rates.<\/p>\n<p>With effect from 4 August 2009, will include the following:<\/p>\n<p><!--more--><\/p>\n<h3><span style=\"text-decoration: underline;\">For those buying a home:<\/span><\/h3>\n<p><strong>Two year fixed rate available from 3.98% (up to 60% LTV)<\/strong><\/p>\n<ul>\n<li> New customers can borrow up to 85% LTV<\/li>\n<li>Existing borrowers who are moving home can borrow up to 95% LTV<\/li>\n<\/ul>\n<p><strong>Three year fixed rate available from 4.58% (up to 60% LTV)<\/strong><\/p>\n<ul>\n<li> New customers can borrow up to 85% LTV<\/li>\n<li>Existing borrowers who are moving home can borrow up to 95% LTV<\/li>\n<\/ul>\n<p><strong>Two year tracker available from 3.08% (up to 60% LTV)<\/strong><\/p>\n<ul>\n<li>New customers can borrow up to 80% LTV<\/li>\n<li>Existing borrowers who are moving home can borrow up to 95% LTV<\/li>\n<\/ul>\n<p>These products have a reservation fee of \u00a3896 and a booking fee of \u00a399.<\/p>\n<h3><span style=\"text-decoration: underline;\">For those remortgaging:<\/span><\/h3>\n<p><strong>Two year fixed rate available from 3.98% (up to 60% LTV)<\/strong><\/p>\n<ul>\n<li> Remortgage customers can borrow up to 85% LTV<\/li>\n<\/ul>\n<p><strong>Three year fixed rate available from 4.78% (up to 60% LTV)<\/strong><\/p>\n<ul>\n<li> Remortgage customers can borrow up to 85% LTV<\/li>\n<\/ul>\n<p><strong>Two year tracker available from 3.08% (up to 60% LTV)<\/strong><\/p>\n<ul>\n<li> Remortgage customers can borrow up to 80% LTV<\/li>\n<\/ul>\n<p>These products have a reservation fee of \u00a3896 and a booking fee of \u00a399.<\/p>\n<h3><span style=\"text-decoration: underline;\">For those switching at the end of an existing Nationwide deal:<\/span><\/h3>\n<p>Two year fixed rate available at 3.79% (up to 95% LTV)<\/p>\n<ul>\n<li> Existing borrowers switching can borrow up to 95% LTV<\/li>\n<\/ul>\n<p><strong>Three year fixed rate available at 4.49% (up to 95% LTV)<\/strong><\/p>\n<ul>\n<li> Existing borrowers switching can borrow up to 95% LTV<\/li>\n<\/ul>\n<p>These products have a reservation fee of \u00a3995.<\/p>\n<p><strong>Two year capped tracker available from 2.99% (up to 95% LTV)<\/strong><\/p>\n<ul>\n<li> Existing customers switching at the end of a Nationwide deal can borrow up to 95% LTV<\/li>\n<li>\u00a3999 reservation fee on loan sizes up to \u00a3149,999<\/li>\n<li>Capped at 3.99%<\/li>\n<li>Also available at 3.14% with a \u00a31,499 reservation fee on loan sizes between \u00a3150,000. and \u00a3500,000, capped at 4.14%<\/li>\n<\/ul>\n<p><strong>Three year capped tracker available at 3.99% (up to 95% LTV)<\/strong><\/p>\n<ul>\n<li> Existing customers switching at the end of a Nationwide deal can borrow up to 95% LTV<\/li>\n<li>\u00a3699 reservation fee on loan sizes up to \u00a3149,999<\/li>\n<li>\u00a31,499 reservation fee on loan sizes between \u00a3150,000 and \u00a3500,000<\/li>\n<li>Capped at 4.99%<\/li>\n<\/ul>\n<p>Andy McQueen, mortgage director at Nationwide, said: \u201cWe are cutting the price of selected fixed and tracker rate mortgage deals by up to 0.50% so our range offers even better value for new borrowers.<\/p>\n<p>\u201cWe have a superb range of products for existing customers coming to the end of a Nationwide deal including two and three year fixed rates which are currently among the best in the market compared to remortgage deals offered by other lenders.<\/p>\n<p>\u201cFor these borrowers, we also offer a choice of capped variable rate mortgages from as little as 2.99%. These mortgages are ideal for borrowers who are uncertain about how interest rates will move in the future as they provide assurance that the mortgage rate will not rise above a certain level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nationwide Building Society has announced that it is cutting the price of many of its fixed and tracker rate mortgages by up to 0.50%. This comes as welcome news as the banks and building societies have held what some have described as inflated rates. With effect from 4 August 2009, will include the following:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,57],"tags":[218,31,219,120],"class_list":["post-850","post","type-post","status-publish","format-standard","hentry","category-financial-products","category-mortgage-news","tag-fixed-rate-mortgage-deal","tag-mortgages","tag-nationwide-mortgage-deals","tag-tracker-mortgages"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/posts\/850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=850"}],"version-history":[{"count":26,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/posts\/850\/revisions"}],"predecessor-version":[{"id":6158,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/posts\/850\/revisions\/6158"}],"wp:attachment":[{"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=850"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.hip-consultant.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}