Nationwide cuts fixed and tracker rates
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Nationwide is cutting a number of its fixed and tracker rate mortgages from Friday.
It is now offering a two-year fixed rate from 3.78% up to 70% LTV and two-year tracker available from 2.78% up to 70% LTV.
New customers can borrow up to 85% LTV and existing borrowers who are moving home can borrow up to 95% LTV with a £99 booking fee payable upfront and non-refundable and a £896 reservation fee.
It is also offering a two-year fixed rate from 3.88% up to 70% LTV and two-year tracker available from 2.99% up to 70% LTV.
New customers can borrow up to 85% LTV and existing borrowers who are moving home can borrow up to 95% LTV. They also come with a £99 booking fee payable upfront and non-refundable and a £396 reservation fee.
For those remortgaging it has two-year fixed rate available from 4.37%, up to 60% LTV and two-year tracker available from 3.48% up to 60% LTV.
New customers can borrow up to 85% LTV on the fixed rate and up to 75% on the tracker rate with a £99 booking fee, payable upfront and non-refundable, with a £396 reservation fee.
It is also offering a two-year fixed rate available from 4.87% up to 60% LTV with new customers allowed to borrow up to 85% LTV, with a £99 booking fee and no reservation fee.
For its exclusive range available for home movers with a Nationwide FlexAccount as their main current account it is offering a two-year fixed rate available at 5.98% u to 90% LTV.
Existing customers with a FlexAccount as their main current account can borrow up to 90% LTV, with a £99 booking fee (payable upfront and non-refundable) and a £396 reservation fee.
It is also offering a two-year tracker available at 4.63%, up to 90% LTV. Existing customers with a FlexAccount as their main current account can borrow up to 90% LTV and £99 booking fee and a £896 reservation fee.
Andy McQueen, mortgage director at Nationwide, says: “We are making 19 individual rate cuts of up to 0.31% on some of our house purchase and remortgage products. This, together with the special offers we recently announced for first time buyers and house purchasers, will be good news for those trying to get on the housing ladder or secure a new home.”
