Nationwide cuts fixed rate mortgages
Nationwide Building Society has reduced rates on a range of its two, three and five-year fixed rate mortgages.
The mortgages, which are available to those with 40% equity or deposit, have been cut by up to 0.15 percentage points.
In addition, the lender has cut the cost of its 10-year fixed rate deals by up to 1.10 percentage points.
Two-year fixed rates available up to 60% LTV are reducing by 0.10% to 1.79% with no fee.
Three-year fixed products up to 60% LTV are reducing by 0.15% to 1.79% with no fee (and by 0.10% to 1.54% with a £999 fee).
Five-year fixed rates available up to 60% LTV are reducing by 0.15% to 1.79% with no fee and to 1.59% with a £999 fee.
Rates on Nationwide’s 10-year fixed rate products are reducing, now starting at 2.34% with a £999 fee up to 60% of the property’s value. There are also fee-free options available.
Henry Jordan, Nationwide’s director of mortgages, said: “Our range of fixed rate mortgages have proved particularly popular as people seek the security of fixing their mortgage payments for the future, and as a result we’re focused on keeping our rates as competitive as possible.
“These reductions clearly demonstrate our commitment to offering competitive products to both existing members and new customers in a range of LTVs. Combine that with our commitment to providing legendary service and we believe we offer the whole package that makes a real difference to homeowners.”