Nationwide offering 1.99% fee-free fix for £1 million plus mortgages
Nationwide Building Society has lowered the price of its fee-free short-term mortgage available up to £2 million.
The lender’s two-year fix for mortgages between £1 million and £2 million doesn’t have an arrangement fee and it is priced at 1.99%. The overall cost for comparison is 3.6% APR.
After the fixed rate period, Nationwide’s mortgages revert to its standard variable rate, which is currently 3.99%.
Aaron Strutt, product manager at Trinity Financial, says: “There is a lot of competition between the lenders although Nationwide has some attractive rates.
“They offer generous income multiples and may potentially take 100% of bonus income into consideration for a mortgage.”
The building society also offers a two-year fixed rate at 1.59% and it is available for mortgages up to £1 million. The overall cost for comparison is 3.6% APR. There is a £999 arrangement fee, although it is reduced to £499 for first-time buyers.
There is a free property valuation and legal fees service for remortgages and early repayment charges apply for the first two-years.
If you would like help to secure a large mortgage loan, call Trinity on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
