Nationwide Home Mortgages 2007
Nationwide mortgages offer a current 2 year fixed rate of 5.35% this is close to the current base rate of 5.25%, however, with interest rates predicted to rise, this is likely to become more competitive over the year. After 2 years the fixed rate rises to the standard variable rate of 6.74%.
Features of this mortgage include:
Nationwide Tracker Mortgage
Another option to those who don't want to take a fixed mortgage is the tracker mortgage.
With a 10% deposit and £599 reservation fee, the mortgage offers an initial rate of 4.96% for the first 2 years. After that it reverts to the base mortgage rate, currently 6.74%. Overall cost for comparison is 6.6%
With a 5% deposit the initial rate is 5.3%, making it less attractive.
Overall the fixed rate deal looks the best bet with interest rates predicted to rise to upto 6%
Features of this mortgage include:
- Interest calculated daily.
- No hidden fees.
- Repayment or interest only
- Flexibility: Option to make overpayments or underpayments
Nationwide Tracker Mortgage
Another option to those who don't want to take a fixed mortgage is the tracker mortgage.
With a 10% deposit and £599 reservation fee, the mortgage offers an initial rate of 4.96% for the first 2 years. After that it reverts to the base mortgage rate, currently 6.74%. Overall cost for comparison is 6.6%
With a 5% deposit the initial rate is 5.3%, making it less attractive.
Overall the fixed rate deal looks the best bet with interest rates predicted to rise to upto 6%
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