Nationwide cuts fixed mortgage rates

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Nationwide cuts fixed mortgage rates

Prospective homeowners searching the housing market for their ideal property could benefit from a range of rate reductions from Nationwide.

Starting tomorrow (June 3rd), the building society will cut fees on selected two-year fixed-rate products by 0.15 per cent.

Families looking for a suitable mortgage rate could benefit from the reductions, which offer rates beginning at 2.99 per cent.

Potential customers could be interested in the two-year fixed rate deal at 50 per cent loan-to-value, with a £400 product fee.

Others could benefit from rates of 3.39 per cent with no product fee for prospective buyers.

Martyn Dyson, head of mortgages at Nationwide, said: "In particular, we believe this re-price will prove popular for remortgage customers looking to come to us from another lender, as well as our existing customers coming to the end of their deal."

The building society recently released figures revealing an increase of 0.3 per cent in house prices during May.

Click here for more mortgages newsADNFCR-323-ID-800565344-ADNFCR

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