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Nationwide cuts rates up to 0.31%

Friday 6th November 2009

Nationwide has made some changes to its mortgage range from today, with new rates on some of its tracker and fixed rate products.

For purchasers, Nationwide is offering a two year fixed rate available from 3.78 per cent, at up to 70 per cent LTV and a two year tracker available from 2.78 per cent up to 70 per cent LTV. New customers can borrow up to 85 per cent LTV, with existing borrowers moving home borrowing up to 95 per cent LTV.

Also for purchasers, Nationwide is offering a two year fixed rate available from 3.88 per cent, at up to 70 per cent LTV and a two year tracker available from 2.99 per cent at up to 70 per cent LTV, with similar conditions to the previous deals.

For remortgagors, Nationwide is offering two year fixed rates from 4.37 per cent (up to 60 per cent LTV) and two year trackers available from 3.48 per cent (up to 60 per cent LTV) New customers can borrow up to 85 per cent LTV on the fixed rate and up to 75 per cent on the tracker rate, said Nationwide.

The mutual is also offering a two year fixed rate from 4.87 per cent at up to 60 per cent LTV. New customers can borrow up to 85 per cent LTV.

The society is also offering an exclusive range to movers with a FlexAccount current account.

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.”

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