Nationwide announces new mortgage deals

Nationwide Building Society has announced that, with effect from 18 March 2009, it is launching a new product range.

The range will include the following:

For those buying a home:

Two year fixed rate available from 3.88% (up to 60% LTV)
New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£995 reservation fee

Three year fixed rate available from 4.33% (up to 75% LTV)
New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£995 reservation fee (£745 for first time buyers)

Three year tracker rate available from 3.78% (up to 60% LTV)
New customers can borrow up to 80% LTV (previous maximum of 75% LTV)
Existing borrowers who are moving home can borrow up to 95% LTV
£995 reservation fee

In addition, a new LTV tier of 75 to 80% has been introduced for those moving home.

For those remortgaging or switching at the end of their deal:

Three year fixed rate available from 4.38% (up to 60% LTV)
Remortgage customers can borrow up to 85% LTV
Existing borrowers can borrow up to 95% LTV
£299 reservation fee for existing customers switching at end of current deal
£995 reservation fee

Two year tracker rate available from 3.93% (up to 60% LTV)
Remortgage customers can borrow up to 75% LTV
Existing customers can borrow up to 95% LTV
£299 reservation fee for existing customers switching at end of current deal
£995 fee for new customers

Three year tracker rate from 3.78% (up to 60% LTV)
Remortgage customers can borrow up to 75% LTV
Existing customers can borrow up to 95% LTV
£299 reservation fee for existing customers switching at end of current deal
£995 fee for new customers