Nationwide launches new 1 and 4-year fixed-rate mortgages

One year fixed-rate available from 3.59%
Existing customers switching can borrow up to 95% LTV at 3.59%.
Existing and new customers moving home can borrow up to 75% LTV. The rate is available from 3.99%.
£495 reservation fee.

Four year fixed-rate available from 5.28% (up to 60% LTV)
Existing and new customers moving home can borrow up to 95% and 85% LTV respectively. The rate is available from 5.28%.
Existing customers switching at the end of a Nationwide deal and remortgage customers can borrow up to 95% and 85% LTV respectively. The rate is available from 5.58%.
£995 reservation fee.

Three-year capped tracker available at 3.99% (up to 95% LTV)
Existing customers switching at the end of a Nationwide deal can borrow up to 95% LTV.
£699 reservation fee on loan sizes up to £150,000.
£1499 reservation fee on loan sizes between £150,000 and £500,000.

Andy McQueen, mortgage director at Nationwide, said: "We are expanding our range of mortgages as part of our ongoing commitment to offering customers more choice. We now offer a range of fixed rates for between one and five years.

"We’ve also introduced a three-year capped tracker mortgage to complement our existing two year-capped tracker. Our capped variable rate products are available to existing Nationwide customers who are switching at the end of a deal. As well as a competitive rate, they provide borrowers with the added assurance that payments will not go beyond a certain level should interest rates rise during their deal term."

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