Nationwide reduces fixed mortgage rates

Tracie Pearce, Nationwide head of group mortgages, said: “Our range of fixed rate mortgages has proved particularly popular as customers seek the security of fixing their mortgage payments for the future, and as a result we’re really focused on keeping our rates as competitive as possible.

“Being ‘On your side’ is a long term commitment and reflects not just our competitive headline rates, but our approach to upfront costs and longer term servicing as well – and it’s the whole package that makes a real difference to our customers .”

New rates include:

Two-year fixed rate available at 3.29% (60% LTV)

• £900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home

• £400 discounted product fee for first-time buyers

Three-year fixed rate available at 3.59% (70% LTV)

• £900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home

• £400 discounted product fee for first-time buyers

Five-year fixed rate available at 3.79% (70% LTV)

• £450 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home

• £200 discounted product fee for first-time buyers

Four-year Flexclusive fixed rate available at 3.79% (70%LTV)

• No product fee, £99 booking fee (payable upfront and non-refundable) forboth homebuyers and remortgage customers who hold a FlexAccount with the Society as their main current account

• Free standard valuation and free standard legal fees for both house purchase and remortgage.