Nationwide launches lowest 10 year fix on market

Nationwide is today launching the lowest 10-year fixed rate mortgage on the market, at 2.89% for new customers and 2.79% for existing customers.

Related topics:  Mortgages
Rozi Jones
4th March 2015
Nationwide, bank

The society has also launched its lowest ever three and five-year fixed rates, with the three-year starting at 1.99% and five-year starting at 2.34%.

First Direct is the only other lender that currently offers a 2.89% 10 year fix

Nationwide's Flexclusive four-year fixed rate up to 60% LTV has also been reduced to 2.14%

Richard Napier, Nationwide's director of mortgages and savings, said:

"This new range of fixed rate mortgage deals ensures Nationwide remains competitive, including for those with smaller deposits. They are designed to appeal to both first-time buyers and those looking to remortgage, offering certainty of mortgage payments while interest rates remain at a historic low.

"We are also responding to customer demand for higher LTV products, such as our Save to Buy mortgage deals for customers with a 5% deposit, with a two-year fixed rate now under 4% and an offer of up to £1,000 cashback."

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