Nationwide launches lowest ever fixed rates

Robyn Hall

April 10, 2013

The reductions mean Nationwide is now offering its lowest ever fixed rate mortgages.

Tracie Pearce, Nationwide’s head of mortgages, said: “I’m pleased to announce that we have reduced rates on all fixed rates and tracker rates for those customers with at least a 30% deposit.

“These latest reductions mean Nationwide is now offering the lowest fixed rates in the Society’s history.

“The cuts of up to 0.10% could benefit those buying a house or remortgaging. In particular, our three year fixed rate mortgages available to 60% LTV at 2.49% are now among the lowest rates in the market.”

Key highlights of the cuts include a new 2.24% 2-year fixed rate, a 2.49% 3-year fixed rate and a 2.89% 5-year fixed rate. All three products are available up to 60% LTV.

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