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Nationwide cuts fixed and tracker rates

Nationwide Building Society has cut fixed and tracker rates on some of its mortgage products.

From December 11, the building society will offer two year fixed rates for homebuyers from 3.69 per cent for up to 70 per cent loan to value, and a two year tracker available from 2.64 per cent up to 70 per cent LTV.

New customers can borrow up to 85 per cent LTV while existing borrowers who are moving house can borrow up to 95 per cent LTV.

The booking fee is £99 with an £896 reservation fee.

Three year fixed rates for home purchase are available from 4.39 per cent up to 70 per cent LTV and a three year tracker is available from 2.99 per cent.

Mortgage director Andy McQueen says: “We are making widespread rate cuts on the majority of our house purchase products of up to 0.29 per cent. This, together with the special offers we have available for first time buyers and house purchasers, is good news for those trying to get on the housing ladder or secure a new home.”

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