Nationwide announce cuts across its fixed rate range

Nationwide Building Society has announced a series of rate reductions this morning including a cut of 1.10% on a ten-year fix.

According to the lender, its 10-year fixed rate between 75-85% LTV has been cut by 1.10% to 2.89% with no fee and is available from today.

Fee-free 10-year fixed rates will fall by 65bps to 3.34% at 85-90% LTV, by 20bps to 2.59% between 60-75% LTV, and by 35bps to 2.44% up to 60% LTV. 10-year fixes are also available 10bps lower with a £999 fee.

Additionally, two, three and five-year fixed rates in the Society’s range will see reductions of up to 0.15% at 60% LTV.

Henry Jordan, Nationwide’s director of mortgages said, “Our range of fixed rate mortgages have proved particularly popular as people seek the security of fixing their mortgage payments for the future, and as a result we’re focused on keeping our rates as competitive as possible.

“These reductions clearly demonstrate our commitment to offering competitive products to both existing members and new customers in a range of LTVs. Combine that with our commitment to providing legendary service and we believe we offer the whole package that makes a real difference to homeowners.”