New Fixed-rate Mortgage Available from Nationwide

On January, 12th one of the leading UK lenders, the Nationwide building society, announced the launch of a brand new fixed-rate mortgage deal that may be very attractive for first-time buyers.

The 90% loan-to-value ratio deal is available for borrowers at as low as 5.29% and a 900 pounds fee. The deal is fixed for 2 years.

Those who are ready to make a 40% deposit will benefit from a record low interest rate of just 2.99%.

This mortgage is also available at 5.69% for 5 years provided that the borrower has made a 30% deposit.

Commenting on the launch of the new deal, Mr. Dyson of Nationwide, said: "We are continuing our support for the housing market by extending our range of 90 per cent LTV mortgages to now include two-year fixed rate products.
“It means we offer a comprehensive fixed rate range at 90 per cent LTV including two, three and five year fixed rate deals, offering some of the best low deposit deals currently available."

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