The reduction means Nationwide now offers a Best Buy five-year fixed rate at 70% LTV of just 3.89%.
Martyn Dyson, head of mortgages at Nationwide, said:
“This suite of rate reductions across our fixed and tracker mortgages will be further welcome news to customers, even those with smaller deposits.
"Our best buy five-year fixed rate offers outstanding value and reassurance for those customers concerned about future interest rate movements.
“It’s a real demonstration of our mutual difference that we continue to provide really competitive deals to our mortgage customers, and part of our ongoing commitment to get Britain moving.”
Five-year fixed rate available at 3.89% (up to 70% LTV)
- £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase, remortgage and switcher customers.
- £500 product fee discount for first time buyers.
- Other rates up to 85% LTV also available.
- Fee free deals are also available.
Three-year fixed rate available at 3.59% (up to 70% LTV)
- £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase, remortgage and switcher customers.
- £500 product fee discount for first time buyers.
- Other rates up to 85% LTV also available.
- Fee free deals are also available.
Two-year fixed rate available at 4.44% (up to 85% LTV)
- £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase, remortgage and switcher customers.
- £500 product fee discount for first time buyers.
- Fee free deals are also available.
Also improving are tracker rates at 75%, 80% and 85% LTV. For example;
Two-year tracker rate available at 3.84% (up to 85% LTV)
- £900 product fee, £99 booking fee (payable upfront and non-refundable)
The limited offer of a £500 discount off product fees for all home movers expires with effect from 30th June 2011. However, first-time buyers will continue to benefit from a £500 product fee discount on all £900 fee products.
