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Mortgage lender announces more deals
Wed, 08 Feb 2006
Nationwide Building Society has announced the launch of two new mortgage deals that will be available from Friday.

A new two-year fixed-rate mortgage and a new tracker deal will be on offer from the mortgage lender, in addition to its current mortgage ranges.

The two-year fixed-rate mortgage will have a mortgage rate of 4.44 per cent and the mortgage rate for the tracker mortgage will start at 4.39 per cent.

A reservation fee of £599 is payable on both these new mortgage offerings.

The launch of these mortgages come after feedback was received from borrowers who indicated that they would like to have the option of taking a lower mortgage rate with a higher mortgage fee, says the mortgage lender's head of external affairs Alan Oliver.

"Our existing product range is still available for those customers who prefer to pay no fee, or a lower fee, with a slightly higher rate," he points out.

"Either way, with all our products, customers can still add the reservation fee to the loan if they wish and get a great deal to suit them," Mr Oliver concludes.

The mortgage lender has also announced a mortgage rate reduction of 0.5 per cent on its existing two-year tracker mortgage to offer a mortgage rate of 4.49 per cent.

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