Nationwide announces reductions to fixed rate products

Nationwide Building Society has announced it is reducing rates on selected two, three and five-year fixed rate mortgages available up to 60% LTV by up to 0.15%, as well as the reduction on its ten-year fixed rates by up to 1.10%.

The society revealed that rates for its two-year fixed products available up to 60% LTV are being reduced by 0.10% to 1.79% with no fee. On its three-year fixed products up to 60% LTV, Nationwide said rates are reducing by 0.15% to 1.79% with no fee – and by 0.10% to 1.54% with a £999 fee.

For Nationwide’s five-year fixed rates available up to 60% LTV, the society announced these are being reduced by 0.15% to 1.79% with no fee and to 1.59% with a £999 fee.

Nationwide also revealed several reductions on its 10-year fixed rate products, with fixed rate mortgages up to 60% LTV down 0.35% to 2.44% with no fee, and mortgages up to 90% reduced by 0.65% to 3.34% with no fee.

The building society announced that all rates on other products remain unchanged.

Nationwide director of mortgages, Henry Jordan, commented: “Our range of fixed rate mortgages have proved particularly popular as people seek the security of fixing their mortgage payments for the future, and as a result we’re focused on keeping our rates as competitive as possible.

“These reductions clearly demonstrate our commitment to offering competitive products to both existing members and new customers in a range of LTVs.

“Combine that with our commitment to providing legendary service and we believe we offer the whole package that makes a real difference to homeowners.”

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