Nationwide fixed rate mortgages 'improved'

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Nationwide fixed rate mortgages 'improved'

A series of Nationwide fixed rate mortgages have had their interest rates cut, with a source highlighting additional benefits available to switchers.

Martyn Dyson, head of mortgages at the lender, pointed out that not only can people benefit from the 0.2 per cent drop in interest, they could also be handed £300 cash back for swapping their existing provider for Nationwide.

The company has revealed that from Friday (April 15th) its three-year fixed rate mortgages will enjoy the lower charge.

"Whether you're buying a house, remortgaging or switching at the end of your Nationwide mortgage deal, you'll be able to take advantage of our improved three-year fixed rates," said Mr Dyson.

Among the deals available is a 70 per cent loan-to-value arrangement, which is offered at 3.79 per cent with a £900 fee for house purchase and remortgagers, or £999 for switchers.

This week, Nationwide released its Consumer Confidence Index, which saw the situation improve in March compared to February.

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