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Nationwide cuts rates by up to 0.2%

Jake Carter

November 24, 2020

halifax hpi

Nationwide Building Society is reducing rates by up to 0.2% on a range of 2, 3, 5 and 10-year fixed rate products.

For first-time buyer, house purchase and shared equity, the 75% LTV 5-year fix has been reduced by 0.1% to 2.09%.

This deal includes a £999 fee, or alternatively is available at 2.29% without a fee.

Henry Jordan, director of mortgages at Nationwide, said: “We are making further rate reductions to make sure we remain one of the most competitive providers in the market at a time when demand remains high.

“These follow on from our recent reductions at 60% LTV and highlight that Nationwide continues to support people looking to take advantage of the stamp duty holiday with attractive mortgage deals.”

For remortgage only offerings, the 60% LTV 2-year fix has been cut by 0.05% to 1.19%, with a £1,499 fee.

It is also available at 1.29% with a £999 fee, or 1.74% without a fee.

In addition, the 75% LTV 5-year fix has been cut by 0.2% to 1.69%.

This deal includes a £999 fee, or is available at 1.99% without a fee.

The society’s 2, 3 and 5-year switcher products at 60% LTV will also be reduced by 0.05%, with rates starting from 1.19%.

The 10-year switcher product at 60%, 75% and 80% LTV will be reduced by up to 0.2%, with rates starting from 1.99%

Rates on the lender’s existing customers moving home and further advances range will see reductions of up to 0.2%.


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