Nationwide launches new fixed-rate mortgage for 'loyal customers'

28-Feb-2007

Nationwide Building Society has announced the launch of a new fixed-rate mortgage for existing customers, which may be of interest to prospective first time buyers who are already customers of the company.

Available from March 1st, the new five-year fixed-rate mortgage product is available with an interest rate from 5.34 per cent to customers - whether first time buyers or otherwise - who have been members of Nationwide for at least three years.

The new mortgage is being made available as part of a package of offers for existing customers.

To find out more about this mortgage and other mortgages for first time buyers, click here.

"At Nationwide we can be committed to our members because we have no shareholders to please," said Stuart Bernau, executive director for Nationwide.

"These offers have been designed to reward our loyal borrowers and savers, demonstrating the benefits of being part of a large mutual organisation," he added.

Additionally, the mortgage has been made available with no reservation fee, which is currently £499 for new borrowers with the building society.

Nationwide Building Society offers a range of financial products and services, including current accounts and insurance products.

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