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Nationwide cuts mortgage rates

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  • 29/11/2018
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Nationwide cuts mortgage rates
Nationwide Building Society has reduced rates across its two, three and five-year fixed mortgage products by up to 0.30%.

 

For the five-year fixed rate mortgage products, all rates have been cut by up to 0.15%.

For those with a 40% deposit, rates at up to 60% loan to value (LTV) now start at 1.89% with a £999 fee and 2.09% with no fee.

Rates are also being reduced for those with five per cent deposit by 0.15%, with rates at up to 95% LTV now starting at 3.59% and 3.79%, respectively.

Three-year fixed rate mortgage products have also been reduced by up to 0.15%, with the up to 60% LTV product now starting at 1.74% with a £999 fee.

In addition, the two-year fixed rate mortgage for those with a five per cent deposit is being cut by 0.30%, with sub-three per cent rates now available.

Henry Jordan, Nationwide’s director of mortgages, said that the rate cuts support mortgage applicants with both larger and smaller deposits who are looking to ensure their longer-term payment security.

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