Nationwide has relaunched its three-year fixed rate range in response to growing demand for a wider choice of product term.
Customers looking for a loan up to 60 per cent loan-to-value (LTV) can borrow at rates starting from 1.64 per cent with a £999 fee, while fee-free rates at the same LTV start at 1.94 per cent.
Meanwhile, those with a 5 per cent deposit can borrow at 4.49 per cent with a £999 fee and 4.79 per cent with no fee.
Rates for the 75 per cent loan-to-value (LTV) three-year fixed rates are 1.69 per cent with a £999 fee and 1.99 per cent with no fee.
The range is available in addition to the society’s two, five and 10-year fixed rate, and two and five-year tracker products.
All standard mortgage valuations are now fee-free, while first-time buyers receive a £500 cashback to help with the cost of moving.
Remortgage customers receive a free standard valuation and £500 cashback for legal work.
Henry Jordan, Nationwide’s director of mortgages, said: “We are reintroducing the three-year fixed rate range of products to enable members to select from a wider choice of products.
“As well as offering a wide range of competitive mortgage rates, Nationwide also offers additional benefits to first-time buyers, home movers and those remortgaging to the society.”
Tom Oliver, IFA at Newcastle-based Lamb and Associates, said: “I think those are reasonably competitive rates, and Nationwide’s client processing is usually very efficient.
“It makes sense to have quite a choice of possible rates to offer clients what they are looking for. Sometimes a three-year fix fits in with their needs and circumstances.”
simon.allin@ft.com
