Nationwide cuts 0.20% off remortgage fixed rate deals

Nationwide cuts 0.20% off remortgage fixed rate deals card

Nationwide has reduced the number of its remortgage fixed rate deals by up to 0.20 per cent. They have also chopped 0.10 per cent off one of its first-time buyer products. This means that the FTB, house purchase and shared equity mortgage at 75% LTV on a five-year fix is now set at 2.09% with a £999 fee and 2.29% with zero fees.

Regarding remortgages, the 60 per cent LTV two-year fix has been reduced by 0.05 per cent.

This provides a rate of

  • 1.19 per cent with £1,499 fee
  • 1.29 per cent with £999 fee
  • 1.74 per cent with zero fees

 

However, the 60 per cent LTV five-year fix has been also cut by 0.05 per cent:

This provides a rate of

  • 1.34 per cent with £1,499 fee,
  • 1.39 per cent with £999 fee
  • 1.79 per cent with zero fees.

If you need further advice on remortgage fixed rate deals, please call us. Our financial advisors will offer you a free initial consultation.

Meanwhile, the 75 per cent LTV two-year fix has seen a 0.20 per cent reduction:

The product now set at

  • 1.59 per cent with £999 fee
  • 1.99 per cent with zero fees

And the 75 per cent LTV five-year fix has been reduced by the same amount:

The lender now asking for

  • 1.69 per cent with £999 fee
  • 1.99 per cent with zero fees

Nationwide adds that cuts of up to 0.20 per cent also feature across its 10-year switcher produce range, where rates now start from 1.99 per cent.

Nationwide director of mortgages Henry Jordan says:

“We are making further rate reductions to make sure we remain one of the most competitive providers in the market at a time when demand remains high. These follow on from our recent reductions at 60 per cent LTV and highlight that Nationwide continues to support people looking to take advantage of the stamp duty holiday with attractive mortgage deals.”

Are you a first-time buyer and looking for mortgage advisor in Leeds? Please contact us on 0113 2488181 to speak to one of our mortgage advisors or click here

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