Nationwide Building Society today announces changes to its range of Fixed and Tracker rate Mortgages

By: Nationwide

Nationwide will be decreasing the rate on its two year tracker product for remortgagers and switchers. At the same time, Nationwide will be increasing some of the rates on its fixed and tracker rate mortgages. The new rates are available from Tuesday 24 April 2007.

The limited offer five year fixed rate member exclusive mortgage will be withdrawn from sale at close of business on Monday 23 April 2007.

New rates (detailed below) are available from Tuesday 24 April 2007:

Home Mover
Two year tracker (with £599 fee) available from: 4.98%
Two year tracker (no fee) available from: 5.38%
Two year fixed rate (with £999 fee) available from: 5.32%
Two year fixed rate (with £499 fee) available from: 5.48%
Two year fixed rate (no fee) available from: 5.88%
Three year fixed rate (with £499 fee) available from: 5.68%
Five year fixed rate (with £499 fee) available from: 5.48%
Ten year fixed rate (with £499 fee) available from: 5.48%
25 year fixed rate (with £599 fee) available from: 5.63%

Remortgage and Additional Borrowing
Two year tracker (with £599 fee) available from: 5.13%
Two year tracker (no fee) available from: 5.53%
Lifetime tracker (no fee) available from: 5.59%
Two year fixed rate (with £999 fee) available from: 5.47%
Two year fixed rate (with £499 fee) available from: 5.63%
Two year fixed rate (no fee) available from: 6.03%
Three year fixed rate (with £499 fee) available from: 5.83%
Five year fixed rate (with £499 fee) available from: 5.63%
Ten year fixed rate (with £499 fee) available from: 5.63%
25 year fixed rate (with £599 fee) available from: 5.78%

Existing Nationwide mortgage customers get a £200 discount off their reservation fee when they switch from one Nationwide product to another, buy a new home or borrow additional monies.

Money markets have increased recently and we have found it necessary to reflect this. Nationwide's products are still very competitive for all borrowers whether they are looking for a shorter-term deal or a longer-term fixed rate.

The new rates remain very competitive and compare favourably to other lenders on the high street such as HSBC, Halifax and Northern Rock.* Furthermore, unlike many other lenders, Nationwide does not impose a higher lending charge for customers who wish to borrow more than 90% LTV.

All of Nationwide's mortgages offer borrowers the additional flexibility to overpay or underpay during the deal period. Nationwide will withdraw its current range of products at 11.59pm on Monday 23 April 2007.

For further information:
Zoe Stevens , telephone: 01793 655423
Tamsin Hemsley , telephone: 01793 657500, mobile, 07725 680098

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