3 Nov

Nationwide offers new fixed-rate mortgages

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.

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