You are here: Home - News -

Nationwide cuts fixed and tracker mortgage rates

  • 11/10/2012
  • 0
Nationwide cuts fixed and tracker mortgage rates
Nationwide Building Society has reduced a number of fixed and tracker rate mortgage products from today.

The mutual has lowered rates by up to 0.40%, with its two-year fixed-rate product available up to 85% LTV at a rate of 4.29% for new customers and 4.19% for existing ones.

The product comes with a £900 product fee and £99 booking fee, with the product fee discounted to £400 for first-time buyers. A fee-free option is available at 4.69%.

Nationwide, which last week became the first major lender to withdraw its range of interest-only products from the market, will also offer a five-year fix at 3.39% for existing customers and 3.49% for newcomers, available up to 70% LTV. The same product fees apply.

The lender has also launched a four-year fixed-rate product at 2.99%, for loans up to 70% LTV to customers who are FlexAccount holders with Nationwide. A £900 product fee and £99 booking fee applies, with a discounted product fee of £400 for first-time buyers.

Tracie Pearce, head of group mortgages at Nationwide, said: “These reductions clearly demonstrate our commitment to offer competitive, quality and affordable products to new and existing customers, at all LTVs, not just for those with the largest deposits.”

There are 0 Comment(s)

You may also be interested in

Read previous post:
NatWest Intermediary Solutions launches high LTV deals

NatWest Intermediary Solutions has introduced 80% and 90% LTV mortgages to its intermediary current account range.