Nationwide is launching new lower rate fixed rate mortgages.
The new rates are available from April 22 and reflect current movements in the money markets.
The two year fixed rate is available from 4.95 per cent from its previous rate of 5.19 per cent. The three and five year fixed are available from 5.09 per cent from 5.19 per cent and the ten year fixed rate is available from 5.09 per cent. It previously was 5.19 per cent.
All Nationwide’s fixed rate and tracker mortgages allow borrowers to overpay of underpay during the deal period. The products are available to all borrowers. All new mortgage producers are available to new and existing borrowers up to 95 per cent LTV, remortgagers up to 90 per cent LTV.
There are no valuation fees or legal fees for remortgagers. A redemption fee of 90 is applicable from May 1 2005.