Nationwide cuts mortgage rates

Nationwide BS cuts two and five year fixed mortgage rates

Nationwide has reduced its two and five year fixed mortgage rates by 0.1 per cent, after cutting product fees by half earlier this month.
Nationwide cuts fixed mortgage rates

Nationwide is reducing all of its two and three-year fixed mortgage rates by up to 0.3 per cent for new applications from today (July 21st).

Monday, 10 May 2010 12:00

Nationwide has announced that it is reducing rates on 56 of its mortgage products.

The cuts apply to a variety of fixed and tracker mortgages with differing loan terms.

Reductions range from 0.05 per cent to 0.6 per cent per product, with the average cut standing at 0.3 per cent.

Nationwide is also extending the maximum loan-to-value for its remortgage tracker deals to 85 per cent.

"Whether you're buying a house, remortgaging, looking to switch deals or after additional borrowing, you may benefit from this latest drop in interest rates," says Andy McQueen, divisional director for mortgages and general insurance at Nationwide.

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