Nationwide fixed and tracker rate mortgage deals

With effect from Friday 8 January 2010 Nationwide will cut rates on a number of fixed and tracker rate products available to those buying a home. The majority of cuts will be made on rates available on loans of between 70% and 85% LTV.  The biggest reduction of 0.60% has been made on selected two year fixed rate deals available to house purchase customers at 80% LTV. 

As well as other products, the mortgage product range available from Nationwide will include the following:

For those buying a home:

Two year fixed rate available from 3.69% (up to 70% LTV) and two year tracker available from 2.64% (up to 70% LTV)

New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£99 booking fee (payable upfront and non-refundable)
£896 reservation fee

Two year fixed rate available from 3.99% (up to 70% LTV) and two year tracker available from 2.94% (up to 70% LTV)

New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£99 booking fee (payable upfront and non-refundable)
No reservation fee; free legals available

Three year fixed rate available from 4.39% (up to 70% LTV) and three year tracker available from 2.99% (up to 70% LTV)

New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£99 booking fee (payable upfront and non-refundable)
£896 reservation fee (reservation fee discount available to first time buyers of £500 or £250 plus free legals)

Andy McQueen, mortgage director at Nationwide, said: "We are making a number of rate cuts across our mortgage range of up to 0.60%, with the biggest cut being on selected two year products available with a 20% deposit.  This, together with the special offers we have available for first time buyers and h ouse purchasers, is good news for those looking to move home in the New Year."