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Nationwide launches European Tracker Mortgage

Nationwide Building Society is launching a sterling based mortgage linked to the European Central Bank&#39s interest rate.


The European Tracker Mortgage which is available from March 24 will be priced at 1.75 per cent above ECB&#39s interest rate for 10 years.


The current rate is 4.75 per cent but the society is offering a 1 per cent discount in the first year.

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