Nationwide launches four-year fix at 3.89%

Nationwide has launched a four-year Flexclusive fixed rate mortgage for both homebuyers and remortgage customers who hold a FlexAccount with the society as their main current account – with a rate of 3.89% for loans up to 70% LTV.

The deal comes with no product fee as well as a free valuation and standard legal work.

It also has a £99 upfront non-refundable booking fee.

The offer is also extended to Save to Buy customers holding a main FlexAccount, who have been saving for at least six months to accrue a deposit in a Save to Buy savings account.

Tracie Pearce, head of group mortgages, products and pricing at Nationwide, says: “Often the best deals come with high upfront costs which can be a real barrier to many wanting to enjoy the security of fixed rate payments – that’s why, with no product, valuation or standard legal fees, this is a great all-round solution.”

It is also offering a four-year fixed rate available at 5.99% up to 90% LTV with no product fee and a free standard valuation and legal service for both home movers and remortgage customers.

The deal also has a £99 upfront non-refundable booking fee.

Nationwide is also revising the rates offered on its five-year tracker rate mortgages, which now start at 3.29% (BBR+2.79%) up to 70% LTV.

The previous Stamp Duty cashback offer is now withdrawn with immediate effect.