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