Nationwide cuts fixed-rate mortgages

Monday, 23 May 2011 03:00

Fixed-rate mortgages from Nationwide have been reduced by up to 0.3 per cent.

The building society announced the changes came into effect on Friday (May 20th) and the biggest difference will be seen on two-year products.

Head of mortgages at the firm Martyn Dyson noted the three-year best-buy deal is among those affected, with a reduction of 0.1 per cent being applied.

"Whether you're a home mover, existing customer coming to the end of your deal, thinking of remortgaging or looking for a further advance, come in and speak to our mortgage experts," he said.

The three-year deal is available at 3.69 per cent at up to 70 per cent loan-to-value (LTV), while those hoping to fix their rate for two years are offered 3.49 per cent for the same LTV.

And Nationwide noted existing customers who stay with the building society when they move home or come to the end of their current deal are eligible for £300 cashback.

Use the comparison tools to find the best deal on a new mortgage

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