View more on these topics

Nationwide – Five Year Fixed Rate Mortgage

Nationwide

Five Year Fixed Rate Mortgage

Type: Fixed-rate mortgage

Fixed term: Five years

Fixed rate: Up to 95% of valuation 5.45%, up to 90% of valuation – 4.95%

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, up to 60% of valuation subject to no maximum

Income multiples: Based on affordability calculation and credit score

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

Arrangement fee: 389

Redemption fee: 5% of mortgage balance in year one, 4% in year two, 3% in year three, 2% in year four, 1% in year five

Introducers fee: Subject to negotiation

Tel: 0800 302010

Recommended

Out of context

“I have to make all my business calls from the shed.” – An IFA is forced outside by his wife.“As we’re all likely to get picked on tonight, let me contrib-ute.” – Destini Radnor MD Barry Thorpe cracks the ice with female guests at the Women’s IFA Group dinner.“Inside me is a skinny woman screaming […]

Treasury mulls 50 year gilts

New gilt issues in the range 40-50 years could be announced with the budget in March, following a consultation process with investors and gilt-edged market makers by the Debt Management Office. Pension funds, which have suffered from falling bond yields and rising longevity, have expressed interest in longer maturities.

Friends cuts individual pension commission

Friends Provident is to bec-ome the latest life office to slash commission rates on individual pension policies, with a 75 per cent cut from February 1. IFA remuneration on these policies is falling from 40 per cent to 10 per cent of Lautro rates. This applies to regular-premium business into stakeholder and non-stakeholder personal pension […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment