Nationwide cuts mortgage rates

Nationwide Building Society has cut mortgage rates across its 2 and 5-year product ranges.

The society’s 75% LTV 2-year fix now stands at 1.34% with a £999 fee and 1.74% with no fee, while to 90% LTV rates have been cut to 2.19% with a £999 fee and 2.59% with no fee.

Meanwhile the lender’s 60% LTV 5-year fix starts at 1.84% with a £999 fee and 2.04% with no fee.

Henry Jordan, Nationwide’s director of mortgages, said: “We are making further reductions to selected rates across our fixed and tracker rate ranges, with a number of Nationwide mortgage rates reaching historic lows.

“As well as offering a wide range of competitive mortgage rates, Nationwide also offers additional benefits to first time buyers, home movers and those remortgaging to the society.”

Some 2-year trackers have been cut, as rates up to 85% LTV now start at 1.54% with a £999 fee and 1.94% with no fee.

Meanwhile the 90% LTV equivalent starts at 2.19% with a £999 fee and 2.59% with no fee.

All Nationwide tracker mortgage products currently have no early redemption charges

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