According to recent reports, the 25-year fixed-rate mortgage loan offered by Nationwide is set to be withdrawn from the market on Thursday May 3rd.
Nationwide created the mortgages to offer borrowers long-term fixed stability. The new mortgage had flexible aspects also, giving borrowers the chance to shift their mortgage without any problems after a ten-year period.
Apparently, many consumers took out the mortgage loans, and the lender’s funding has now been sold out, causing it to be pulled from the market. The divisional director for mortgages at Nationwide, Matthew Carter, reportedly commented that the group hoped: "to be able to re-launch the product soon, providing we are able to secure a competitive rate on the money markets."
In conclusion, he said: "Nationwide remains committed to offering long-term good value to its members and we are pleased our borrowers have been able to realise the benefits of mutuality as a result of this product."
Nationwide 25-year mortgage to be pulled from market
Mortgage Quote Line
0845 108 0505
Nationwide 25-year mortgage to be pulled from market
Thu, 03 May 2007
Recommended links
Mortgage enquiry formToday's popular mortgage results
Introduction to mortgages for first-time buyers
UK mortgage lenders directory
Fixed rate mortgages
New mortgages launched by Coventry
Nationwide: Mortgage lenders still take advantage under FSA
Nationwide launches new mortgages
Mortgage rate shake-up at Nationwide
Free MPPI premiums from Nationwide
Nationwide offers more mortgage options
Nationwide announces mortgage rate cuts
Nationwide increases mortgage rates
Nationwide cuts fixed mortgage rate products
Nationwide to raise mortgage rates
Nationwide increases mortgage rates following Bank's decision
Nationwide best mortgage lender, expert finds
Poor credit mortgages from Nationwide
New mortgages and bonds from Nationwide
New fixed rates for Nationwide mortgages
Nationwide's long-term mortgage assessed
Nationwide fixed-rate mortgages rate increase
Nationwide launches new tracker mortgage
Nationwide reports rise in house prices
Nationwide's long-term mortgage dissected
Nationwide mortgage decision a u-turn, claims expert
Nationwide increases fixed-rate mortgage rates
First time buyers saving longer for deposits
New long-term fixed-rate mortgage from Leeds
Long-haul mortgage deposit for first-time buyers
Longer remortgaging deals "more appealing"
Landlords with buy to let mortgages in for the long haul, mortgage study indicates
Nottingham tops list for long-term discount mortgage
Warning over long-term mortgages
Buy-to-let market only for long-term mortgage investors, says expert
Long-term fixes getting cheaper
Long-term fixed-rate mortgages getting cheaper
Long term mortgages growing in popularity
Long-term fixed-rate mortgage deals launched
Longer term mortgages could save struggle, expert advises
Long-term mortgages need different insurance
Long-term 5.54% fixed-rate mortgage launched
Nationwide's long-term mortgage assessed
Financial services provider launches long-term fixed-rate mortgages
Nationwide's long-term mortgage dissected
Long-term future for buy to let
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage