Nationwide two-year tracker
Type: Capped tracker
Tracker term: Two years
Tracker rate: Cap of 7.99% during the first two years.
Up to 75% LTV Bank of England base rate plus 0.09%, 75-95% – BBR plus 0.19%, 90-95% – BBR plus 0.29%.
Minimum loan: N/A
Maximum loan: £500,000. Larger loans subject to individual review
Income multiples: 3.5 times single
Arrangement fee: Non-refundable £150 reservation fee
Redemption fee: 2% of outstanding loan in first year, 1% in year two.
Introducers fee: Industry standard
Tel: Contact regional director