Nationwide Mortgage Rates Going Lower

As of today nearly 30 of the  Nationwide mortgage products consisting of fixed rate and tracker deals have had their rates cut.  The highest reduction has been 0.59% to their 2 year no fee fixed rate mortgage which is available to remortgage customers up to 70 LTV.

First time buyers can take advantage of the building society’s 2 year and 5 year fixed-rate deals which have been cut by 0.2 and 0.25% respectively for 70 per cent LTVs.

The lender is also offering a 2 year tracker starting at 2.68% for 70% LTV.

Martyn Dyson, head of mortgages at Nationwide, said the “raft of cuts” would improve the lender’s mortgage range.

He added: “We are improving our great rates for borrowers buying a house, but the largest cuts are on our remortgage deals, in particular on the two and five-year fixed-rate products.”

Related posts:

1. Fixed Mortgage Rates – fixed mortgage rates and money printing
2. Mortgage Rate Reduction From Nationwide
3. Fixed rate or tracker? What do leading mortgage experts have to say?
4. Nationwide announces 3 new mortgage deals
5. Fixed rate mortgage deals see interest hike