Nationwide offers lowest ever fix
The reductions see Nationwide offer a new 2.04% 2-year fixed rate up to 60% loan to value with £900 product fee. The same product is available for existing Nationwide mortgage customers at 1.94%.
The society has also launched a new 2.44% 2-year fixed rate up to 60% LTV with no product fee (2.34% for existing Nationwide mortgage customers).
Tracie Pearce, head of group mortgages at Nationwide, said: “These reductions clearly demonstrate our commitment to offering extremely competitive rates, both to new and existing customers.
“In particular, the reduction of 2-year fixed rates available up to 70% LTV by 0.10% means we are offering our lowest ever fixed rate deal.”
Nationwide has also reduced its 2 and 3-year tracker rate products by up to 0.15%.