The Nationwide Building Society is reducing the cost of some of its fixed rate home-loans by up to 0.35% and is launching a two year tracker product at 60% loan-to-value (LTV) tomorrow.
Their two-year fixed products at up to 80% LTV are reducing to 1.54%. It’s three-year and five-year fixed rates are reducing by 0.35% to 1.79% on LTVs up to 80% and by 0.30% to 1.94% on LTVs up to 85%. These are also available for remortgages. A £999 fee applies.
Henry Jordan, Nationwide’s director of mortgages, said: “The mortgage market remains really competitive and many borrowers continue to like the security of fixing their mortgage repayments, especially in time of economic uncertainty.
“These reductions demonstrate our commitment to offering competitive rates across the range of LTVs supporting borrowers no matter how much deposit they have.”