Commenting, Martyn Dyson, head of mortgages at Nationwide, said: “This rate reduction of our two-year fixed deals at 50% LTV is great news for borrowers with a larger deposit. In particular, we believe this re-price will prove popular for remortgage customers looking to come to us from another lender, as well as our existing customers coming to the end of their deal.”
The new reduced pricing means that Nationwide is now offering:
• Two-year fixed rates available at 2.99% (up to 50% LTV) with a £400 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase customers. For remortgage and switcher customers the fees are £900 product fee, £99 booking fee (payable upfront and non-refundable).
• Two-year fixed rate available at 3.39% (up to 50% LTV) with no product fee, £99 booking free (payable upfront and non-refundable) for house purchase, remortgage and switcher customers.
Other rates up to 85% LTV are also available.
