Nationwide launches 2.99% ten-year fix

Nationwide has cut mortgage rates by up to 0.25%, and is now offering a 60% LTV ten-year fixed rate at 2.99%.

Related topics:  Mortgages
Rozi Jones
16th June 2016
Nationwide
"We are reducing rates for those looking for longer-term payment security, with one of the most competitive rates on the market for those customers opting for the 10 year fixed rate product"

Other ten-year fixes include a 70% LTV at 3.09% and a 75% LTV from 3.29%.

Five-year fixed rates now start from 2.19% at 60% LTV.

At 95% LTV, Nationwide now offers a two-year fix at 3.89%, three-year fix from 4.39%, and a five-year fix from 4.69%.

Henry Jordan, Nationwide’s head of mortgages, said: “We are reducing rates for those looking for longer-term payment security, with one of the most competitive rates on the market for those customers opting for the 10 year fixed rate product and a host of additional benefits.

“These include fee-free valuations and access for main Nationwide current account customers to a cashback of £250, both irrespective of which product they choose.

“In addition, we have a range of deals for those with smaller deposits looking for competitive rates and who will qualify for a £500 cashback if they are first-time buyers. There are also reductions for those customers choosing the flexibility of a tracker product.”

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