Nationwide mortgage rates reduced

www.moneynews.co.uk > Mortgages > Nationwide mortgage rates reduced

Nationwide mortgage rates reduced

Tue 13th May 2008

Nationwide has cut the price of its two and five-year fixed rate mortgages, effective from May 16th 2008.

For borrowers looking for a mortgage for house purchase, the building society's two-year fixed-rate product is now available from 5.95 per cent with a £599 fee.

Its two-year fixed-rate deal with no fee now had a rate of 6.35 per cent, while its five-year fixed rate product is available from 5.85 per cent with a £599 fee.

For those remortgaging, the two-year fixed-rate deal offers 6.15 per cent for a £599 fee, while the two-year no-fee fixed-rate has a rate of 6.55 per cent.

Meanwhile, the five-year fixed-rate with a £599 fee is available from 5.95 per cent for customers remortgaging.

In addition, Nationwide borrowers changing mortgages are eligible for a special offer five-year fixed-rate of 5.95 per cent with no fee.

Yesterday John Charcol reported that a record 78 per cent of the mortgages it sold were fixed-rate products in April, up from 64 per cent the previous month.

Related News : Mortgages
	Brits 'failing to grasp the importance of an interest in mortgages'
	BBA highlights mortgage lending growth
	Are interest-free mortgages a bad idea?
	Buy-to-let mortgages are 'more profitable'
	House price performance to impact lenders' criteria
	More Brits 'to choose long-term mortgages'
	Offset mortgages 'are the future'
	UK house prices 'set to fall'
	Hybrid mortgages 'are a good deal' for FTBs
	UK public expects house price increase

Related News : Nationwide
	Nationwide launches new credit card reward scheme
	ICB report recommends easier current account switching
	Mortgages are cheaper than two years ago, claims study
	Students fail to take out insurance 'due to apathy'
	Demand for fixed rate mortgages 'increases in economic uncertainty'
	Nationwide reduces rates on five-year fixed mortgages
	Intermediary mortgage lending 'increases for second quarter'
	Nationwide improves mortgage products for intermediaries
	Nationwide reduces fixed mortgage rates
	NLA survey reveals landlords jittery over possible rate increases