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Nationwide reduces rates

All 5-year fixed mortgage rates from Nationwide have been reduced by 0.10% and all 2-year tracker mortgage rates have been reduced by 0.15%.

Yuan Phoon, 2 August, 2011

Nationwide will therefore be offering a 5-year fixed rate at 3.99%, available up to 70% loan to value, with a £99 booking fee.

Martyn Dyson, head of mortgages at Nationwide, said: "Intermediaries will be pleased to know that our 5-year fixed mortgage rates, which have been very popular in recent weeks, will be further reduced. Our new five-year fixed rate with just a £99 booking fee will now be less than 4%, offering intermediaries a great fixed-rate deal for their clients.

"We're also reducing two-year trackers, which all come with a ‘switch & fix' option, allowing customers to switch from their tracker to a fixed rate in our ‘switch and fix' range without early repayment charges."

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