Mortgage Rate Reduction From Nationwide
Mortgage Rate Cuts From Nationwide
Nationwide has announced that it will be reducing interest rates for a number of its tracker mortgages and fixed rate mortgages.
The main winners will be those customers looking to borrow between 70 percent and 85 percent LTV as the rates will be reduced on these deals.
Borrowers who are looking at a two year fixed rate mortgage at 80 percent LTV can expect the largest reduction in the rate at 0.6%.
Two year fixed rate available from 3.69% (up to 70% LTV) and two year tracker available from 2.64% (up to 70% LTV)
New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£99 booking fee (payable upfront and non-refundable)
£896 reservation fee
2 year fixed rate is available from 3.99% (up to 70% LTV) and two year tracker available from 2.94% (up to 70% LTV)
New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£99 booking fee (payable upfront and non-refundable)
No reservation fee; free legals available
3 year fixed rate is available from 4.39% (up to 70% LTV) and three year tracker available from 2.99% (up to 70% LTV)
New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£99 booking fee (payable upfront and non-refundable)
£896 reservation fee (reservation fee discount available to first time buyers of £500 or £250 plus free legal assistance with the purchase)
Andy McQueen, mortgage director at Nationwide, said: “We are making a number of rate cuts across our mortgage range of up to 0.60%, with the biggest cut being on selected two year products available with a 20% deposit. This, together with the special offers we have available for first time buyers and house purchasers, is good news for those looking to move home in the New Year.”
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