Nationwide slashes rates
The mutual has reduced all its 2-year fixed rates available up to 60% loan to value will be cut by 0.10% and those up to 70% LTV by 0.15% for new applications.
The range includes the Society’s lowest ever fixed rate deal, plus there are now two fixed and two tracker rate products available for both new and existing customers below 2%.
Tracie Pearce, head of group mortgages at Nationwide, said: “These reductions clearly demonstrate our commitment to supporting our customers, both new and existing and whatever the size of their deposit, offering consumer choice.
“We are making available to our customers a range of extremely competitive fixed and tracker rates at different LTVs. In particular, the reduction of two-year fixed rates available up to 60% LTV by 0.10% and 70% LTV by 0.15% means we are offering rates to both new and existing customers below 2%.”
Nationwide is also reducing all 80% LTV mortgage rates by up to 0.3% and all 75% LTV mortgage rates by up to 0.15%.
All 2-year and 3-year fixed rate 85% LTV and 90% LTV products will see a rate reduction of 0.05%.