Mortgages - Nationwide launches 25 year fix

Nationwide Building Society has announced the launch of a new 25 year fixed rate mortgage charging 5.49% on a maximum LTV of 90% 5.79% on 95% LTV.

Benefits of the facility include no early repayment changes after the first 10 years 3% during the first 10 years. And the ability to overpay by up to £500 per month, underpay and take payment holidays.

As with all Nationwide mortgages, borrowers can take it with them when they move home and top it up with an additional loan if they wish to move to a larger property.

A reservation fee of £599 £200 discount for existing borrowers is in operation. And the loan is available to all borrower types.

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2007-03-27 10:29:13 © Moneyextra.com