Nationwide announces new mortgage deals

With effect from 1 April 2009, the Society's mortgage product range will include:

Two year fixed rate available from 3.78% (up to 60% LTV)

New customers can borrow up to 85% LTV

Existing customers can borrow up to 95% LTV

£299 reservation fee for existing customers switching at end of current deal

£995 reservation fee for all other customers

Three year fixed rate available from 4.28% (up to 60% LTV)

New customers can borrow up to 85% LTV

Existing customers can borrow up to 95% LTV

£299 reservation fee for existing customers switching at end of current deal

£995 reservation fee for all other customers (£745 for first time buyers)

Five year fixed rate available from 4.78% (up to 60% LTV)

New customers can borrow up to 85% LTV

Existing customers can borrow up to 95% LTV

£299 reservation fee for existing customers switching at end of current deal

£995 reservation fee for all other customers

Two year tracker rate available from 3.33% (up to 60% LTV)

New customers can borrow up to 80% LTV

Existing customers moving home can borrow up to 95% LTV

£995 reservation fee for all other customers

Three year tracker rate available from 3.26% (up to 60% LTV)

Nationwide's three year tracker is one of the most competitive in the market

New customers can borrow up to 80% LTV

Remortgage customers can borrow up to 75% LTV

Existing customers moving home can borrow up to 95% LTV

£995 reservation fee for all other customers (£745 for first time buyers)

Andy McQueen, mortgage director at Nationwide, said: "Following recent movements in the money markets, we are pleased to be in a position to cut the price of our fixed and tracker rate mortgage deals. Our three tracker mortgage, available from 3.26%, is one of the most competitive in the market."