22 Aug

Nationwide and Abbey in new product changes

Nationwide and Abbey in new product changes

Nationwide and Abbey have both announced today that there will be changes to their mortgage product range next week.

In the former case, Nationwide has stated that from next Thursday (August 28th) its fixed rates will be lowered by up to 0.2 per cent.

The lender will also make available a five-year fixed-rate deal at an APR of 5.88 per cent for purchases and 5.68 per cent for remortgages, available with a £1,499 fee.

A new 60 per cent LTV charging band is also to be introduced across Nationwide's product range.

Director of mortgages Matthew Carter said: "We are pleased to be in a position once again to reduce rates on a number of deals available to customers who are buying a home, remortgaging, switching their current mortgage deal or taking a further advance."

Meanwhile, Abbey has revealed that it is withdrawing a two-year tracker product from its range.

It said this is because a new range of products will be brought out next week.

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