Nationwide remortgages - product update

January saw updates to various Nationwide remortgages to bring them more in line with other high street lenders products. Since the credit crunch the Nationwide has remained profitable against a very difficult economic environment and, its strong financial performance means that the lender is included in Global Finance magazine’s Top 50 Safest Banks in the World.

Nationwide remortgages are now offering a 5 year fixed rate deal which is available at 3.79 per cent and 70 per cent LTV. There is a £900 product fee and a £99 non-refundable booking fee which is to be paid upfront. Nationwide offer a product fee-free option which is available at 3.99 per cent with a £99 booking fee. Other rates will be made available to borrowers at 75 per cent LTV and above.

Nationwide are also offering a 2 year fixed rate deal available at 5.29 per cent up to 90 per cent LTV. There is a £900 product fee and a £99 non-refundable booking fee which is to be paid upfront. As with the 5 year fixed rate mortgage deal, the Nationwide offer a product fee-free version which is available at 5.69 per cent, the £99 booking fee will still apply.

Nationwide remortgages are also available at other rate levels starting at 3.09 per cent for 60 per cent LTV. Applications are required for all products and are subject to underwriting criteria, the lender will supply further details of terms and conditions on request.