Nationwide cuts rates on remortgage deals

Nationwide is reducing its remortgage rates by up to 0.20% from tomorrow.

With an average drop of 0.15% there are four fixes and one tracker rate deal changing.

Three two year fixed deals are being reduced by 0.19%, with two – at 3.39% up to 70% LTV and 4.29% at 70% to 75% LTV – available with no product fee.

The third two year fix – at 3.39% at 70% LTV – has an £896 product fee.

A three-year fixed rate is also available at 4.09% up to 70% LTV after a 0.09% drop.

All deals are available to new customers at 85% LTV with a £99 booking fee.

Andy McQueen, divisional director for mortgages and general insurance at Nationwide, says: “We are reducing rates by up to 0.20% across our range of products which is great news for customers seeking to remortgage.  For example, our two-year fixed rates are now particularly attractive, starting from 3.39% for customers wanting a mortgage of up to 70% of the property value.”