The new two year fixed rate deal available up to 60 per cent LTV has a rate of 1.84% for new mortgage customers, and 1.74% for existing mortgage customers. This comes with a £999 product fee, reduced to £499 for first time buyers.
In addition, the Society is reducing selected fixed and tracker rates across its mortgage range by up to 0.65%. Two year fixed rate deals are reduced by up to 0.55%, while three and four year fixed rate deals are reduced by up to 0.50% and start from 2.29%. Five year fixed rate mortgages are reduced by up to 0.55% and start at 2.84%.
Tracker rates are also reduced by up to 0.65%, with competitive rates starting at 1.44% for the two year tracker, available at up to 75 per cent LTV.
Nationwide’s Divisional Director of Mortgages and Savings Richard Napier said:
“With our lowest-ever fixed rate mortgage deal, Nationwide continues to offer the best possible rates to customers. We are also demonstrating our mutual difference by offering competitive fixed rate and tracker deals to all mortgage customers, whilst continuing to offer additional discounts for existing mortgage customers and first time buyers.”
