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Nationwide – 2 Year Tracker

Type:
Tracker mortgage

Tracker term:
Two years

Tracker rate:
Up to 95% of valuation &#45 0.5% above Bank of England base rate,
up to 90% of valuation &#45 0.14% above Bank of England base rate

Minimum loan:
£1

Maximum loan:
Up to 95% of valuation subject to a maximum of £200,000,
up to 90% of valuation subject to a maximum of £300,000,
up to 85% of valuation subject to a maximum of £400,000,
up to 80% of valuation subject to a maximum of £700,000,
up to 75% of valuation subject to a maximum of £1m

Income multiples:
Based on affordability calculation and credit score

Conditions:
12 months&#39 free mortgage payment protection insurance, free valuation and legal fees for remortgages

Flexible features:
Overpayments up to £500 a month, underpayments, lump sum withdrawals, interest calculated daily

Arrangement fee:
£349

Redemption fee:
2% of mortgage balance in year one,
1% in year two

Introducer&#39s fee:
Subject to negotiation

Tel: 0800 302010

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Auto-enrolment: pay attention or pay the price

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As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.

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