Nationwide reduces five-year fixed rate mortgages
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Nationwide is reducing all five-year fixed mortgage rates by 0.1% for new applications.
It is now offering a five-year fixed rate available at 3.69% up to 70% LTV, with a £900 product fee and a £99 booking fee for house purchase and remortgage customers.
It also comes with a £500 product fee discount for first-time buyers, with other rates up to 85% LTV available.
The lender is also offering a five-year fixed rate available at 3.89% up to 70% LTV, with no product fee, and a £99 booking fee for house purchase and remortgage customers.
Martyn Dyson, head of mortgages at Nationwide, says: “We know from our mortgage consultants and brokers that five-year fixed rate products are popular with borrowers, so our latest rate reduction ensures our deals continue to be amongst the most competitive in the market place.”
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