Nationwide reduces 10 year loyalty rates

From tomorrow, Nationwide is reducing selected ten year fixed rates for existing Nationwide mortgage customers looking for a new deal, with rates starting at 2.94%.

Related topics:  Mortgages
Rozi Jones
13th January 2015
Nationwide, bank

As part of the Nationwide Loyalty Rate Mortgages initiative, which compares the Society’s mortgage rates for existing customers to those of its top six high street competitors, selected switcher rates will be reduced by up to 0.45%.

The Loyalty Rate Mortgage reductions include:

- Ten year fixed rates at 60% LTV with a £999 fee reduced by 0.45% to 2.94%, and 60% LTV with a £0 fee reduced by 0.45% to 3.04%.

- Two year fixed rates at 60% LTV with a £0 fee reduced by 0.20% to 1.94%.

- Two year trackers up to 85% LTV with a £999 fee reduced by 0.10% to 2.49%, and up to 85% LTV with a £0 fee reduced by 0.10% to 2.89%.

Existing mortgage customers already benefit from an additional 0.10% discount on new customer rates.

Selected two year fixed and tracker rates for existing customers looking to switch are also being reduced.

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