Nationwide reduces fixed mortgage rates by 0.2%.

The Nationwide BS has announced that its fixed mortgage rates have been reduced following the BoE base rate cut. 

The lender’s deals are now 0.2% cheaper, and range highlights include:

• A 10 year fixed rate mortgage for 60% LTV at 2.79% with a £999 fee.
• A 10 year fixed rate mortgage for 60% LTV at 2.89% fee free.

In addition, the lender is also offering a 2 year fixed rate for 60% at 1.49% with a £999 fee, and 1.89% fee free.

For those looking for slightly longer term security a 3 year deal is available at 1.79% with a £999 fee and 2.09% fee free. The lender also offers a 5 year fix at the same LTV at 2.14% with a £999 fee and 2.34% fee free.

Nationwide tracker mortgage holders will see their rates fall by 0.25% depending on the ‘collar’ or lower rate limit agreed. For new tracker customers, 2 year products will start from 1.29% with a £999 fee and 1.69% fee free.  

In addition to make the cost of buying a home cheaper, Nationwide is also offering a free mortgage valuation and first time buyers will receive £500 cashback to help with their moving costs.

Existing Nationwide mortgage customers are to receive £250 cashback when they take out a new mortgage deal, and a 0.1% discount on new customer rates.

If you a looking for a mortgage, contact us at Deal Direct on 0800 048 8828. We will compare all lenders products market-wide to ensure that you end up with the one that’s more competitive overall.

We take the hassle out of switching to a lower rate deal, obtaining finance to climb on the property ladder or achieving a mortgage offer for a buy to let.

For no-obligation advice and a low rate quote,

call 0800 048 8828.