Nationwide reduces two and three-year fixes

Nationwide has reduced the majority of its two-year and three-year fixed mortgage rates for new applications.

All two-year fixed mortgage rates will reduce by 0.25 per cent, while selected three-year fixed mortgage rates will reduce by 0.50 per cent

Martyn Dyson, head of mortgages at Nationwide, said: “We only reduced our five-year fixed mortgage rates last week, so this latest set of improvements is further great news for borrowers looking for new fixed rate deals.

“With our new market-leading three-year product, you could fix for three years at less than three per cent.”