View more on these topics

Nationwide – Lifetime Tracker With Reservation Fee


Lifetime Tracker With Reservation Fee

Type: Tracker mortgage

Tracker term: Life of loan

Tracker rate: Loans up to 95% of valuation – 0.69% above Bank of England base rate, up to 90% of valuation – 0.39% above base rate

Payable rate: Up to 95% of valuation – 5.19%, up to 90% of valuation – 4.89%

Minimum loan; 1

Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 500,000, up to 85% of valuation subject to a maximum of 1 million, loans above 1m negotiable

Income multiples: Existing borrowers up to 3.75 times principal income or three times joint, new borrowers up to 95% of valuation up to 3.25 times principal income plus second or 2.6 times joint, up to 75% of valuation – up to 3.5 times principal income plus second or 2.75 times joint

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

Conditions: Switch & fix option allowing switch to a Nationwide fixed rate at any time without penalty, free valuation and legal fees for remortgages

Arrangement fee: 199 plus 99 administration fee for remortgages

Redemption fee: 5% of the amount repaid 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


Fund-rating deal for Financial Express

Financial Express has set up its own fund ratings service, Crown Ratings. It uses a blend of quantitative and qualitative analytical screens, including measuring a portfolios volatility, consistency and returns against its benchmark.

Multiple metamorphosis

GMAC-RFC executive chairman Stephen Knight has written a new book which sets out his vision for growth in the UK mortgage market. In this exclusive extract he relates, how his firm designed a revolutionary 25-year fixed-rate mortgage and dispels the myths surrounding the self-cert sector

Barclays MD Greenshields to retire in April

Barclays UK Wealth Solutions and Wealth Management managing director Ray Greenshields has announced he will retire in April.The 58-year old has held responsibility for Barclays Financial Planning, Gerrard, Barclays Stockbrokers, Barclays Life and Barclays Investment Services.From April, Greenshields business units will report to Barclays Wealth Management chief executive Thomas Kalaris.Barclays president Robart Diamond says: We […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm