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Nationwide cuts selected fixed rate products

Nationwide has announced cuts across its two- three- and five-year fixed rate products.

In the two-year range, the 95 per cent LTV product has been cut by 0.30 per cent, giving a rate of 2.94 per cent with a £999 fee and 3.34 per cent without.

For those looking to fix for three years, a cut of 0.15 per cent across the range provides the 60 per cent LTV product with a rate of 1.74 per cent with a £999 fee and 2.04 per cent without, and for the 95 per cent LTV offering, 3.44 per cent with a fee of the same amount, and 3.74 per cent without.

Within the five-year product range, rates have again been cut by 0.15 per cent. This time, the 60 per cent LTV mortgage is now set at 1.89 per cent with £999 fee and 2.09 per cent without, while the 95 per cent LTV product has a rate of 3.59 per cent with the same fee, and 3.79 per cent without.

These rate cuts follow similar actions from Nationwide just over a week ago regarding three- and five-year rates, while two-year rates received a slight increase.

Nationwide director of mortgages Henry Jordan says: “We are reducing rates across the fixed rate mortgage range, improving the competitiveness of our two, three and five-year fixed rate products and supporting those mortgage applicants with both larger and smaller deposits who are looking to ensure their longer-term payment security.”

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