Take a year off mortgage payments with Nationwide competition

Homeowners will be given the opportunity to go without paying their mortgage for a year should they win a new building society competition.

According to Nationwide, any customer who has a mortgage interview in a branch or over the phone between July 28th and September 30th will be entered in a prize draw.

Ten winners will then be picked randomly from the hat and given one year where they do not have to pay their mortgage.

It feels "great to be in a position to launch this prize draw", remarked Matthew Carter, Nationwide director of mortgages.

The official remarked: "If customers get a mortgage interview before the end of September, they stand a chance of being mortgage free for a year - an added incentive to find a new deal before their current one runs out."

Last year, Nationwide released Better Society 2007, its fifth sustainability report.

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