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Nationwide offers mortgage extras

05 April 2006
Building society Nationwide has announced the launch of its new conveyancing service for people moving or purchasing a home.

The service covers home buying and selling and is offered through a national network of licensed conveyancing companies, LMS, as the latest enhancement to the society's mortgage package.

Analysts have commented that the service represents the latest attempt to entice consumers, particularly first time buyers (FTBs), into taking out a mortgage with Nationwide, and is demonstrative of the competition in the current market.

Larry Banda, head of mortgages at Nationwide, commented: "This service aims to ease the stress of moving house and can save people both time and money.

"If the worst happens and a sale or purchase falls through then there are no conveyancing fees to pay."

The service includes an online process tracker in addition to Nationwide's current Mortgage Application Tracking Service, which provides customer alerts by email and text advising them at each stage of their mortgage application.

Managing director of LMS, Andy Knee, welcomed the partnership with the building society, saying it would especially benefit FTBs.

"Buying a house can often be a complex and difficult time for a consumer and I truly believe that the service Nationwide is now offering its customers, with the help of LMS, will go a very long way in helping make it a stress-free experience," he said.

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