Nationwide reduce 2 & 3 year fixed mortgage rates

Nationwide is to reduce the majority of its two-year and three-year fixed mortgage rates for new applications.

Related topics:  Mortgages
Millie Dyson
9th August 2011
Mortgages
All changes take effect on Wednesday 10 August 2011.

Key changes


- All two-year fixed mortgage rates will reduce by 0.25%

- Selected three-year fixed mortgage rates will reduce by 0.50%

The rate improvements mean Nationwide will offer a market-leading three-year fixed rate at 2.89% (up to 70% LTV) with a £900 product fee and £99 booking fee - see below for details.

Martyn Dyson, head of mortgages at Nationwide, said:

"We only reduced our five-year fixed mortgage rates last week, so this latest set of improvements is further great news for borrowers looking for new fixed rate deals.  

"With our new market-leading three-year product, you could fix for three years at less than 3%."

Three-year fixed rate available at 2.89% (up to 70% LTV)

- £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and remortgage customers.

- £500 product fee discount for first-time buyers
   
- Other rates up to 85% LTV also available
   
- Deals with no product fee are also available

Two-year fixed rate available at 2.64% (up to 60% LTV)

- £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and remortgage customers.

- £500 product fee discount for first-time buyers

- Other rates up to 85% LTV also available

- Deals with no product fee are also available
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