Nationwide Two-Year Fixed-Rate mortgage rates cut

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Nationwide Two-Year Fixed-Rate mortgage rates cut

It has been announced today that the interest rate will be reduced on the Nationwide Two-Year Fixed-Rate mortgage.

The rate will be reduced by 0.05 per cent from its current level of 4.44 per cent to 4.39 per cent for all customers borrowing up to 90 per cent loan to value (LTV).

A reservation fee of £599 applies to the Nationwide Two-Year Fixed-Rate mortgage and can either be paid upfront or added to the loan amount.

The lender claims that all of its fixed-rate mortgage offer an element of flexibility as they allow the borrower to overpay or underpay during the offer period and are also available to all borrowers.

Nationwide will withdraw the current product's rate today, with the new rate taking effect from March 28th onwards.

Nationwide fixed-rate mortgages are available up to a maximum of 95 per cent LTV for ordinary borrowers and 90 per cent LTV for remortgage customers.

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