Nationwide to reduce rates on selected mortgages
www.moneynews.co.uk > Nationwide > Nationwide to reduce rates on selected mortgages
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Money News |
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Nationwide to reduce rates on selected mortgages
Thu 19th May 2011
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The building society is set to cut two-year fixed rates by 0.3 per cent for new applications, beginning on May 20th.
Prospective homeowners will also be offered reductions of 0.1 per cent on the lender's three and five-year mortgage products.
Customers seeking a three or five-year fixed rate deal could be eligible for lending above 85 per cent loan to value.
Martin Dyson, head of mortgages at Nationwide, urged existing homeowners and potential first-time buyers to take advantage of the new offers and ask at a branch for advice.
As part of its most recent Consumer Confidence Index, Nationwide recently claimed there had been little change in the attitudes of potential homeowners in April, despite mortgage numbers increasing.
Statistics obtained in the report revealed 32-point reduction in confidence compared with the same period in 2010.
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