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Nationwide reduces five-year fixes and two-year trackers

Nationwide is to reduce all of its five-year fixed mortgage rates by 0.10 per cent and all of its two-year trackers by 0.15 per cent for new customers.

The reduction means the building society is offering a five-year fixed rate at 3.99 per cent, up to 70 per cent loan-to-value, with a £99 booking fee.

There is also a £999 fee five-year fixed rate available at 3.79 per cent and a two-year tracker at 1.94 per cent above base rate up to 70 per cent LTV.

Head of mortgages Martyn Dyson says: “Five-year fixed rate mortgages can be ideal for customers who prefer more certainty about their mortgage payments, so our decision to further reduce these rates is good news for those people.”

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