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Nationwide cuts entire fixed rate range by up to 0.20%

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Nationwide is cutting most of its fixed rate mortgages by up to 0.20 per cent.

The cuts apply to the lender’s two-, three-, five- and ten-year fixes.

The two-year fixed rate products start at 1.49 per cent with a £999 fee and 1.89 per cent with no fee.

The three-year fixes begin at 1.79 per cent with a £999 fee and 2.09 per cent with no fee.

Meanwhile the five-year range starts at 2.14 per cent with a £999 fee and 2.34 per cent with no fee.

The lender’s ten-year range now start from 2.79 per cent with a £999 fee and 2.89 per cent wutg no fee for a 60 per cent LTV loan.

The lender is also passing on last week’s 0.25 per cent Bank of England base rate cut to its variable rate mortgage book.

For new customers, from 10 August, rates for the two-year tracker products will start at 1.29 per cent with a £999 fee and 1.69 per cent with no fee.

Nationwide head of mortgages Henry Jordan says: “Following the cut in the Bank of England base rate, we have already passed on the benefit in full to those customers on our BMR and SMR rates. Now we are reducing fixed rate deals for those looking for competitive rates and payment security over a wide range of terms and size of deposit.

“Standard valuations remain fee-free for all customers and Nationwide main current account customers can access a cashback of £250, both irrespective of which product they choose.”

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