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Nationwide launches new mortgages
Tue, 03 Oct 2006
UK residents looking to find a mortgage could be boosted, as Nationwide Building Society has launched two new deals.

Both of the new mortgages have become available on October 3rd 2006 and may suit those looking to find a remortgage, as they are available to existing borrowers .

The new mortgage options are a two-year fixed-rate deal, at 4.47 per cent and a two-year tracker mortgage, at 4.29 per cent.

However, both of the mortgages require a reservation fee to be paid in order to secure the deal, of £1,499.

The reservation fees can be paid up front, or added onto the total value of the mortgage.

Steve Clode, divisional director at Nationwide, says: "We've launched these two new products in response to feedback from borrowers that they would like the option to take a lower rate with a higher fee.

"These products may suit borrowers with larger mortgages and are attractive compared to other similar products in the market place."

Nationwide recently announced that it would be merging with Portman Building Society, which it claims will offer a better range of products to its customers .

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