Nationwide is extending its tracker mortgage range to products with 10 per cent deposits.
The building society is launching from tomorrow (4th February) a range of tracker mortgages at up to 90 per cent loan-to-value.
Rates on two-year products of this range start at 3.49 per cent for new and at 3.39 per cent for existing Nationwide customers.
A new 90 per cent LTV Flexclusive tracker rate with no product fee and a term of three years has also been added to the product range. The rate stands at 3.59 per cent for new clients and at 3.49 per cent for existing ones.
Customers will have more flexibility with the Flexclusive tracker products, Nationwide says, as the products are free from early repayment charges, giving borrowers the option to make unlimited overpayment on their mortgage. They will also be able to switch to a fixed rate in the future if they needed more certainty.
“There are currently few tracker mortgages at up to 90 per cent in the market, so this addition to Nationwide’s range will particularly appeal to those looking for a competitive rate with added flexibility,” Richard Napier, director of mortgages and savings at Nationwide, comments.
