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Nationwide cuts two-year 50% LTV fixes by 0.15%

Nationwide Building Society is to cut its two-year 50 per cent loan-to-value fixed rates for new applicants by 0.15 per cent.

The changes take place from June 3, with rates starting from 2.99 per cent.

There is a two-year fixed rate available at 2.99 per cent, £400 product fee and £99 booking fee for house purchases, or a £900 product fee and £99 booking fee for remortgage customers.

There is also a two-year fixed rate at 3.39 per cent up to 50 per cent LTV with no product fee and a £99 booking fee.

Head of mortgages Martyn Dyson says: “This rate reduction of our two-year fixed deals at 50 per cent LTV is great news for borrowers with a larger deposit. In particular, we believe this re-price will prove popular for remortgage customers looking to come to us from another lender – enabling intermediaries to do more business with their clients.”

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Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. JANET SEEDHOUSE 21st July 2011 at 7:30 pm

    I MADE ENQUIRIES FOR A FIXED MORTGAGE PUTTING DOWN A 60.000 DEPOSIT. I WAS INFORMED I WOULD HAVE TO PAY A HIGHER RATE BECAUSE OF LTV MY PURCHASE PRICE IS ONLY 125.000.
    CAN YOU EXPLAIN PLEASE?

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