Selected mortgage rates reduced by Nationwide

Thursday, 05 August 2010 12:00

Nationwide has announced it is to cut rates on a number of selected mortgages.

The changes will come into effect from Friday August 6th and will see some rates slashed by up to 0.30 per cent.

Customers with smaller deposits are set to benefit most from the cuts, while the biggest reductions are on mortgages available up to 85 per cent loan-to-value.

The average cut taking place will be 0.19 per cent.

Martyn Dyson, head of mortgages at the company, noted the two-year fixed rate deal with an £896 product fee is particularly competitive.

"What's more, cash-back offers and discounts remain available," he added.

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