The new rates are available from Friday 18 November 2005.
Fixed rate mortgages:
- 2 year fixed rate available from 4.74%
- 3 year fixed rate available from 4.94%
- 5 year fixed rate available from 4.94%
- 10 year fixed rate available from 5.09%
All Nationwide's new fixed rate mortgages allow borrowers the additional flexibility to overpay or underpay during the deal period and are available to all borrowers. Nationwide will withdraw its current range of fixed rate mortgage products from close of business on Thursday 17 November.
Reservation fees are payable to secure Nationwide's fixed rate mortgages. They can either be paid upfront, added to the loan or a higher rate of interest can be paid if no fee is levied. Currently, the reservation fees on the Society's five and 10 year fixed rate mortgages are £199. The reservation fees on the two and three year fixed rate products are £399.
