Fixed-rate mortgages unveiled by Nationwide
The interest on Nationwide's fixed-rate home loans has been reduced for those looking to remortgage their property.
Existing home mortgage customers with the group who are looking to buy a new house may be interested in a two-year fixed-rate deal, offering up to 95 per cent loan-to-value and a rate of 3.78 per cent.
New customers can access the same product with a 15 per cent deposit and £99 booking fee, which may be good news for first-time buyers.
Remortgagers have been offered a similar two-year fixed-rate mortgage with a rate of 4.37 per cent, a loan-to-value of 60 per cent and a £396 reservation fee, although this can be waived if the customer prefers to pay interest of 4.87 per cent.
Andy McQueen, mortgage director at Nationwide, said: "We are making 19 individual rate cuts of up to 0.31 per cent on some of our house purchase and remortgage products.
"This, together with the special offers we recently announced for first-time buyers and house purchasers, will be good news for those trying to get on the housing ladder or secure a new home."
The mortgage lender recently announced two new home loans which give first-time buyers a discount of £500 off any reservation fees on its three, four and five-year fixed-rate or three-year tracker deals.
According to the group, the three-year fixed-rate mortgage at 4.44 per cent and a loan-to-value of 60 per cent will now have fees of just £396 with this option.
Written by Ted Maul
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