Nationwide trims rates on residential fixes

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Nationwide Building Society is cutting rates on some two-, three- and five-year fixed rate mortgages by up to 0.10 per cent.

All mortgage rates in the two-year fixed product range, up to 95 per cent LTV, have been reduced.

The 60 per cent LTV two-year fixed rate product now starts at 1.29 per cent with a £999 fee and 1.69 per cent with no fee.

For those with a five per cent deposit rates have been reduced to 4.09 per cent with a £999 fee and 4.49 per cent with no fee.

Selected three-year fixed rates at up to 80, 85 and 95 per cent LTV have been reduced by 0.10 per cent.

Rates at up to 85 per cent LTV now start at 1.74 per cent with a £999 fee and 2.04 per cent with no fee.

At 95 per cent LTV, the lender has cut rates to 4.39 per cent with a £999 fee and 4.69 per cent with no fee.

 Also reduced are selected five-year fixed rate mortgages. Nationwide’s five-year fixed rate product at up to 80 per cent LTV now start at 2.09 per cent with a £999 fee and 2.29 per cent with no fee.

 Existing mortgage customers will also get a 0.10 per cent discount on the new customer rate.

 Nationwide director of mortgages Henry Jordan says: “We are reducing selected rates across the fixed rate product ranges, including for those with both large and small deposits.

“As well as offering a wide range of competitive mortgage rates, Nationwide also offers additional benefits to first time buyers, home movers and those remortgaging to the society.”