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New mortgages and bonds from Nationwide
Tue, 24 May 2005
Nationwide launched a range of new products including four new fixed rate bonds and new fixed rate mortgages .

The new bonds will be replacing bonds fixed at one-, two- and three years, as well as the e-Bond that was withdrawn on Monday.

Rates for the bonds will stand at 4.75 per cent gross pa/AER and monthly interest is also available of 4.65 per cent gross pa.

New and current customers both qualify for the new bonds . The minimum investment is £1 and the maximum is between £2 million to £3 million.

The new fixed rate mortgages reflect recent changes in the money markets . The new fixed rates are some of the lowest rates available from any major high street mortgage lender, ranging from 5.09 per cent to 5.39 per cent for two-year, three-year, five-year and ten-year products.

"Our competitive fixed rate mortgages are now some of the lowest available, which is great news for homebuyers and people looking to remortgage," said Nationwide executive director Stuart Bernau.

"With Nationwide, borrowers' savings will also continue into the future as our standard variable rate betters the major players in the mortgage market by 75 basis points," he concluded.

Nationwide is the UK's fourth largest mortgage lender and seventh largest retail banking, saving and lending organisation by asset size. It is the largest building society in the world and is committed to staying mutual.

Mortgages, savings accounts, current accounts, credit cards, life insurance, investment products, personal loans and household insurance are all available from the Nationwide Group .

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