Nationwide mortgage rate reduction
www.moneynews.co.uk > Mortgages > Nationwide mortgage rate reduction
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Money News |
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Nationwide mortgage rate reduction
Thu 6th Dec 2007
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Base rates on Nationwide mortgages will be lowered by 0.25 per cent, from 7.24 per cent to 6.99 per cent, the building society said.
This change would resulting in savings of £12,000 on a £100,000 Nationwide mortgage taken out over 25 years, the financial institution explained.
Changes to rates for Nationwide tracker mortgages so that they are in line with the Bank's base rate will go into effect on January 1st, 2008.
Nationwide says that it offers "flexible features" on its range of mortgages, including the ability to over or underpay or take a payment holiday.
Following significant speculation in the financial and consumer communities, the MPC today set the base interest rate at 5.5 per cent.
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Related News : Nationwide |
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