The Nationwide To Cut Fixed Rates 1 The Nationwide To Cut Fixed Rates The Nationwide To Cut Fixed Rates 1 The Nationwide To Cut Fixed Rates

The Nationwide To Cut Fixed Rates

The Nationwide To Cut Fixed Rates

The Nationwide Building Society is cutting fixed rate mortgages tomorrow (16 June), as well as two-year tracker rates, by up to 0.25 percentage points.

The reductions are being made on a range of two, three, five and 10-year fixed rate deals. There are sub 3% rates for the 10-year fixed rate product, which now starts at 2.99% with a £999 fee for up to 70% LTV products. Rates for the five year fixed start at 2.19% for the 60% LTV product with a £999 fee.

Two and three-year fixed rate products at 95% LTV have been reduced, with the two-year starting at 3.89% and the three-year starting at 4.39%, both with a £999 fee.

The new deals are complemented by the Society’s range of additional benefits for both first time buyers and home movers. All mortgage valuations are now fee-free, while first time buyers are able to access a £500 cashback to help with the cost of moving. Nationwide Flex main current account holders who are taking out a Nationwide mortgage are also eligible for an additional £250 cashback.

Henry Jordan, Nationwide’s head of mortgages, said: “We are reducing rates for those looking for longer-term payment security, with one of the most competitive rates on the market for those customers opting for the 10 year fixed rate product and a host of additional benefits. These include fee-free valuations and access for main Nationwide current account customers to a cashback of £250, both irrespective of which product they choose.

“In addition, we have a range of deals for those with smaller deposits looking for competitive rates and who will qualify for a £500 cashback if they are first time buyers. There are also reductions for those customers choosing the flexibility of a tracker product.

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“In a range of key customer segments, Nationwide will continue to offer mortgage customers amongst the best overall deals on the high street.”

Property & Development Magazine

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