3
Nov
Nationwide offers new fixed-rate mortgages
Nationwide has announced that it is offering fixed-rate mortgages
with a loan-to-value (LTV) of up to 90 per cent.
The latest deals will only be available to customers whose main
current account is the Nationwide FlexAccount, as part of a scheme
called Flex Gives You More.
First-time buyers and house movers but without a large deposit are
expected to benefit from these products.
The fixed-rate mortgages are available on two, three and five-year
terms as well as on a two-year tracker.
Nationwide is also offering its existing mortgage customers who are
moving house a 0.7 per cent discount on the loans with an LTV of up
to 90 per cent.
Chris Rhodes, product and marketing executive director at the
building society, commented: "Nationwide is committed to looking
after its customers and the launch of the 'Flex Gives You More'
[scheme] does just this."
Research released in October 2009 by the Royal Institution of
Chartered Surveyors found that 28 per cent of the members it polled
had seen an increase in the number of first-time buyer enquiries
between July and September this year.
