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Nationwide cuts fixed rate deals by up to 0.30%

Nationwide Building Society has cut the price of some of its fixed rate mortgage deals by up to 0.30 per cent, with effect from May 16.

A two year fixed rate house purchase deal is available from 5.95 per cent with a £599 fee.

A two year fixed rate house purchase with no fee is available from 6.35 per cent, while a five year fixed rate is available from 5.85 per cent with a £599 fee.

A two year fixed rate remortgage deal is available from 6.15 per cent with a £599 fee.

A two year fixed rate with no fee is available from 6.55 per cent while a five year fixed rate is available from 5.95 per cent with a £599 fee.

It has also launched an exclusive deal for Nationwide borrowers changing mortgage. This is a five year fixed rate with no fee available from 5.95 per cent.

Divisional director for mortgages Matthew Carter says: “Recent reductions in money market swap rates mean we are able to reduce the rates on our two year and five year fixed rate mortgages. This is good news for home-buyers, re-mortgage customers and borrowers who are coming to the end of their existing deals.”

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