Nationwide Building Society has made slight reductions in the rates on its fixed-rate and tracker mortgages.
Its two-year fixed rate goes down from 4.81 per cent to 4.79 per cent while the three-year fix rate is cut from 5.11 per cent to 5.09 per cent from 5.11 per cent and the five-year fix from 5.31 per cent to 5.29 per cent. The two-year tracker is now available at 4.04 per cent from a previous rate of 4.09 per cent, with its three-year tracker at 4.14 per cent, down from 4.19 per cent, and the five-year tracker at 4.24 per cent, down from 4.39 per cent.
Key features include flexible overpay and underpay features on all new loans and the option of taking a payment holiday.
Media relations manager Jennifer Williams says: “All new mortgage products are available to new and existing borrowers. New borrowers and all existing Nationwide members moving home get 12 months' free mortgage payment protection insurance when they take out a new Nationwide mortgage.”