Welcome!

News Feed Item

Nationwide Cuts Three-Year Fixed Rate Mortgages to as Low as 2.69%

House purchase and remortgage customers benefit

LONDON, UNITED KINGDOM -- (Marketwire) -- 01/15/13 -- From Friday 11 January, Nationwide Building Society is reducing its three and five-year fixed rates by 0.10 per cent.

Tracie Pearce, Nationwide's Head of Group Mortgages, Product & Pricing, said: "We are welcoming in the New Year with some exciting new mortgage rates.

"All customers can benefit from the reductions. It means the introduction of three-year fixed rates at just 2.69 per cent, and five-year fixed rates at 2.99 per cent. Existing customers still get access to our best deals, priced 0.10 per cent below our new rates.

"It comes within days of the Society announcing rate cuts for those looking to buy a new build property and proves Nationwide is truly open for business."

Nationwide's mortgage range now includes:

Three-year fixed rate available for new customers at 2.69% (up to 60% LTV), 2.59% for existing customers

- GBP 900 product fee for house purchase, remortgage and existing customers moving home

- GBP 400 product fee for first-time buyers

- GBP 99 booking fee (payable upfront and non-refundable)

Three-year fixed rate available for new customers at 4.59% (up to 90% LTV), 4.49% for existing customers

- GBP 900 product fee for house purchase, remortgage and existing customers moving home

- GBP 400 product fee for first-time buyers

- GBP 99 booking fee (payable upfront and non-refundable)

Five-year fixed rate available for new customers at 2.99% (up to 60% LTV), 2.89% for existing customers

- GBP 900 product fee for house purchase, remortgage and existing customers moving home

- GBP 400 product fee for first-time buyers

- GBP 99 booking fee (payable upfront and non-refundable)

Notes to editors


--  Applications are required for all products. Further details of terms and
    conditions are available on request. 
--  Mortgages are subject to underwriting criteria.  
--  Main FlexAccount customers benefit from exclusive mortgage offers. For
    eligibility criteria:
    http://www.nationwide.co.uk/current_account/account_benefits.htm 

Key features of the fixed and tracker mortgage product range for new applications


--  Flexibility: 
    --  Overpayments (no minimum; maximum of GBP 500 per month on fixed and
        tracker mortgage deals). 
    --  Apply for a Further Advance, the additional borrowing facility. 
--  Valuation fee: 
    --  Varies based on purchase price of property and not product chosen. 
    --  Non-refundable for home buyers and home movers. 
    --  No standard valuation fees or standard legal fees for borrowers who
        are remortgaging. 
--  Free legal fees for house purchase cover the conveyancer's professional
    charges relating to the house purchase only when using one of our panel
    legal firms. The customer will be liable for some additional fees
    relating to the disbursements, e.g. Land Registry fees and local
    authority searches. Due to Northern Irish law, Nationwide is unable to
    offer free legal fees for house purchase in Northern Ireland.  
--  Maximum LTV: 
    --  Lending above 85% LTV is available on two, three, four and five-year
        fixed rate mortgages. 
    --  Lending above 90% LTV is available on three, four and five-year
        fixed rate mortgages. 
    --  95% LTV mortgages are available to: 
        --  Existing Nationwide mortgage borrowers switching at the end of
            their current deal or moving home. 
        --  Save to Buy customers. 
        --  NewBuy customers. 
    --  90% LTV mortgages are available to: 
        --  Existing Nationwide mortgage borrowers switching at the end of
            their current deal or moving home. 
        --  First-time buyers and home movers. 
    --  First-time buyers can access 95% LTV products through Save to Buy
        and NewBuy. 
    --  75% on new build flats and 85% on new build houses (90.01% to 95%
        LTV for approved NewBuy housing providers). 
--  Base Mortgage Rate 
    --  Any mortgage products reserved on or before 29 April 2009 will
        revert to the Base Mortgage Rate (BMR). If the borrower chooses to
        switch to a new Nationwide mortgage product, the new product will
        currently revert onto our Standard Mortgage Rate (SMR). 
    --  Both are variable rates which we may vary in accordance with our
        mortgage terms and conditions. However, the BMR is guaranteed to be
        no more than 2% above the Bank of England base rate, whilst the SMR
        has no upper limit or cap. If the borrower chooses to switch to a
        new product, it is not possible to switch back to the BMR at a later
        date. 
--  Standard Mortgage Rate 
    --  Mortgage products reserved on or after 30 April 2009 revert to the
        Standard Mortgage Rate (SMR).  
    --  The SMR is a variable rate which may vary in accordance with
        Nationwide's mortgage terms and conditions.  
--  All mortgages reserved on or before 3 March 2010 include the option to
    apply for a payment holiday and borrow-back facility. Any mortgages
    reserved after this date will no longer include these facilities. 
--  If the borrower is currently letting their property they will be unable
    to switch to a new mortgage deal and their mortgage will automatically
    revert to the Nationwide variable rate as stated in their mortgage
    offer. 
--  Early repayment charges for fixed rate and tracker mortgages
    Throughout the deal period, a percentage of the outstanding loan is
    payable as detailed below. Overpayments of up to GBP 500 per month are
    permitted without the need to pay an early repayment charge. 

     -  Two-year fixed rate mortgage:        3%                             
     -  Three-year fixed rate mortgage:      4%                             
     -  Four-year fixed rate mortgage:       4%                             
     -  Five-year fixed rate mortgage:       5%                             
     -  Two-year tracker rate mortgage:      2.5%                           
     -  Three-year tracker rate mortgage:    3%                             

About Nationwide Building Society

Nationwide is the world's largest building society as well as the second largest savings provider and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.

Since the credit crunch began in 2007, Nationwide has remained profitable against a very difficult economic environment. In the half year ending September 2011 Nationwide made a strong underlying profit of GBP 172 million - up 17% from the previous year.

Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 16,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

Find recent press releases and photos at the Nationwide Media Centre: www.nationwide.co.uk/mediacentre.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busin...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.