View more on these topics

Nationwide Building Society – Two-Year Tracker

Nationwide Building Society

Two-Year Tracker

Type: Flexible tracker mortgage

Tracker term: Two years

Tracker rate: Up to 95% of valuation – 5.58 %, up to 90% of valuation – 5.18%

Minimum loan: £1

Maximum loan: Up to 90% of valuation subject to a maximum of £500,000, up to 85% of valuation subject to a maximum of £1m, loans above £1m negotiable

Income multiples: Based on affordability

Conditions: Free valuation and legal fees for remortgages

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

Arrangement fee: £1,499

Redemption fee: 1.5% of mortgage balance in first two years

Introducer’s fee: Subject to negotiation

Tel: 0800 302010

Recommended

Ringing the changes

New guidelines on online and telephone underwriting fail to tackle the major issues and will have little impact on best practice and regulating the industry, writes Helen Pow

The need for speed

Speed is of the essence when you are working in an industry where the average house purchase takes 12 weeks. Admittedly, much of this is down to the grindingly slow legal system, but ensuring that a mortgage offer is achieved as quickly as possible helps speed things up.

Purnell seeks views on idea for a single state pension

Pensions minister James Purnell is floating the idea of merging the two components of the state pension into a single rebranded pension to help with simplicity and public understanding. Although he has not given further details, Purnell said this does not mean the Government is considering creating a single-tier pension. Speaking at a Parliamentary SMF […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment