10 lucky borrowers could have their mortgage paid for a year

Nationwide Building Society is giving mortgage customers the chance to be "mortgage free" for a year (up to a maximum of £10,000).

All customers who have a mortgage interview in a branch or on the phone between 28 July and 30 September will be entered into a free prize draw and 10 lucky winners will have their mortgage payments made by Nationwide for a whole year.

Matthew Carter, director of mortgages at Nationwide, said: "In this current climate it's great to be in a position to launch this prize draw. We have also recently reduced rates on our most popular fixed rate mortgages and some tracker deals which should provide a real confidence boost to those coming to the end of their current mortgage. If customers get a mortgage interview before the end of September, they stand a chance of being "mortgage free" for a year - an added incentive to find a new deal before their current one runs out."