Nationwide cuts rates

Nia Williams

November 16, 2011

Both products come with a £900 product fee and £99 booking fee.

At the same time the society will make a number of other pricing changes, including selected two and three-year trackers being cut by up to 0.15% and selected fixed and tracker rates being increased by between 0.05% and 0.20%

Martyn Dyson, head of mortgages at Nationwide, said: “Nationwide is committed to helping borrowers with smaller deposits obtain competitive mortgage rates.

“The 0.15% reduction on selected mortgages at 85% LTV comes just days after Nationwide moved to offer its core rates up to 90% LTV.”

The cuts follow the product withdrawal of a 2-year fixed rate and a 3-year fixed rate product at 70% LTV, a 5-year product at 85% LTV and a 2-year tracker at 70% LTV.

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