Nationwide launches a sub 2% 5 year fixed rate mortgage.

The Nationwide has just announced that its 5 year fixed rates have been reduced to new lows. For the first time ever the lender is offering a 5 year fix at under 2%.

This new low rate offer is available for up to 60% LTV at 1.99%, which is a 0.2% reduction, the fee is £999. For borrowers looking for a fee free deal, Nationwide is offering a rate of 2.19%.

As well as reducing its 5 year fixed rates, Nationwide has also cut rates range wide, product highlights include:

• A 3 year fix for up to 60% LTV at 1.69% with a £999 fee.
• A 3 year fix for up to 60% LTV at 1.99% with a fee free.
• A 10 year fix for up to 60% LTV at 2.69% with a £999 fee.
• A 10 year fix for up to 60% LTV at 2.79% with a fee free.

In addition, the lender is also launching a new 95% LTV tracker mortgage at 3.59% with a £999 fee, and is offering a rate of 3.99% fee free.

The lender advises that incentives are also on offer which include a free standard valuation and £500 for first time buyers. Flex current account holders will also be given £250 cashback when taking on a mortgage.

If you would like to review the lenders new range, and would like a comparison against products in the wider market call us at Deal Direct. We are an independent ‘whole of market’ broker with access to all lenders products market-wide.

For impartial advice and a low rate quote,

call 0800 048 8828 today.