Nationwide reduces fixed mortgage rates
www.moneynews.co.uk > Mortgages > Nationwide reduces fixed mortgage rates
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Nationwide reduces fixed mortgage rates
Wed 10th Aug 2011
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Nationwide announced the changes will affect all of its two-year fixed-rate mortgages, with a reduction in rates across the board by 0.25 per cent.
Similarly, certain three-year fixed-rate products will be reduced by 0.50 per cent in a bid to stimulate new applications and lower the threshold for first-time buyers to get on to the housing ladder.
"We only reduced our five-year fixed mortgage rates last week, so this latest set of improvements is further great news for borrowers looking for new fixed-rate deals," said Martyn Dyson, head of mortgages at the lender.
The company believes that it offers the best fixed-rate mortgage in its three-year loan at 2.89 per cent with an LTV of up to 85 per cent.
Nationwide's announcement comes after a report from the Royal Institution of Chartered Surveyors on Monday (August 8th), which claimed that while new buyer enquiries have increased by five per cent since the start of 2011, 22 per cent more surveyors reported no sales for July.
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Related News : Nationwide |
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