Nationwide cuts fixed rates

Mortgage Introducer

November 29, 2018

Nationwide Building Society has cut fixed rates across 2, 3 and 5-year product ranges.

The lender has cut 5-year fixes by up to 0.15%, as 60% LTV mortgages now start at 1.89% with a £999 fee and 2.09% with no fee, while to 95% LTV they start at 3.59% and 3.79%.

The lender’s 3-year fixes have also been reduced by up to 0.15%, as the 60% LTV product now starts at 1.79% with a £999 fee and 2.04% with no fee, while the 95% LTV product starts at 3.44% with a £999 fee and 3.74% with no fee.

The society’s 2-year fixes to 95% LTV have been cut by 0.30%, as rates start at 2.94% with a £999 fee and 3.34% with no fee.

Henry Jordan, Nationwide’s director of mortgages, said: “We are reducing rates across the fixed rate mortgage range, improving the competitiveness of our 2, 3 and 5-year fixed rate products and supporting those mortgage applicants with both larger and smaller deposits who are looking to ensure their longer-term payment security.”

All standard mortgage valuations are fee-free, while first time buyers receive a £500 cashback to help with costs. Those remortgaging to the society can choose between £500 cashback or free standard legals.

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