Nationwide is to reduce the majority of its fixed and tracker mortgage rates by up to 0.65 per cent from Friday 1 July 2011. The reduction means Nationwide now offers a Best Buy five-year fixed rate at 70 per cent LTV of just 3.89 per cent.
Martyn Dyson, head of mortgages at Nationwide, said: “This suite of rate reductions across our fixed and tracker mortgages will be further welcome news to customers, even those with smaller deposits. Our best buy five-year fixed rate offers outstanding value and reassurance for those customers concerned about future interest rate movements.
“It’s a real demonstration of our mutual difference that we continue to provide really competitive deals to our mortgage customers, and part of our ongoing commitment to get Britain moving.”
Five-year fixed rate available at 3.89 per cent (up to 70 per cent LTV)
£900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase, remortgage and switcher customers.
£500 product fee discount for first time buyers.
Other rates up to 85 per cent LTV also available.
Fee free deals are also available.
Three-year fixed rate available at 3.59 per cent (up to 70 per cent LTV)
£900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase, remortgage and switcher customers.
£500 product fee discount for first time buyers.
Other rates up to 85 per cent LTV also available.
Fee free deals are also available.
Two-year fixed rate available at 4.44 per cent (up to 85 per cent LTV)
£900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase, remortgage and switcher customers.
£500 product fee discount for first time buyers.
Fee free deals are also available.
Also improving are tracker rates at 75 per cent, 80 per cent and 85 per cent LTV. For example;
Two-year tracker rate available at 3.84 per cent (up to 85 per cent LTV)
£900 product fee, £99 booking fee (payable upfront and non-refundable)
The limited offer of a £500 discount off product fees for all home movers expires with effect from 30th June 2011. However, first-time buyers will continue to benefit from a £500 product fee discount on all £900 fee products.
