New rate reductions from the Nationwide

Essex Home Finance
The Nationwide Building Society is reducing rates by up to 0.20 percentage points on a range of two, three, five and 10-year fixed rate mortgage products up to 80% loan to value (LTV).
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The new rates are as follows:

First-time buyer, house purchase and shared equity

  • Five-year fixed rate at 75% LTV reduced by 0.10% to 2.09% with a £999 fee and to 2.29% with no fee.

Remortgage

  • Two-year fixed rate at 60% LTV reduced by 0.05% to 1.19% with a £1,499 fee, to 1.29% with a £999 fee and to 1.74% with no fee.
  • Two-year fixed rate at 75% LTV reduced by 0.20% to 1.59% with a £999 fee and to 1.99% with no fee.
  • Five-year fixed rate at 60% LTV reduced by 0.05% to 1.34% with a £1,499 fee, to 1.39% with a £999 fee and to 1.79% with no fee.
  • Five-year fixed rate at 75% LTV reduced by 0.20% to 1.69% with a £999 fee and to 1.99% with no fee.

The Society’s two, three and five-year switcher products at 60% LTV will also be reduced by 0.05 percentage points with rates starting from 1.19%. The 10-year switcher product at 60%, 75% and 80% LTV will be reduced by up to 0.20 percentage points, with rates starting from 1.99%.

Rates on Nationwide’s Existing Customers Moving Home and Further Advances range will also see rate reductions of up to 0.20 percentage points.

Henry Jordan, Nationwide’s director of mortgages, said: “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% LTV and highlight that Nationwide continues to support people looking to take advantage of the Stamp Duty holiday with attractive mortgage deals.”

Original Article from Best Advice 24/11/2020

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Essex Home Finance

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Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE.

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