Nationwide loan rate cut

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Nationwide loan rate cut

For the third time in as many months, Nationwide has announced interest rate cuts on borrowing, with the new rates applicable from June 21st. Nationwide says that its cuts reinforce its position as one of the high streets most competitive lenders.

Nationwide now promises to supply one of the lowest two year fixed loan rates of interest of any top ten rated lender, starting at just 4.49 per cent, down from 4.69 per cent. Nationwide has also reduced its two year tracker rate to 4.74 per cent, down from 4.79 per cent.

"Other lenders might tweak one or two rates to grab headlines," said Nationwide's marketing director Steve Clode.

"But once again we've shown our commitment to fairness and value by cutting the cost of borrowing across our full range of fixed rate deals and adjusting our two year tracker to ensure we offer a good choice for new and existing borrowers."

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