Nationwide launches its cheapest ever 2 year fixed rate mortgage.
The Nationwide BS has a new 2 year fixed rate mortgage which it says is its cheapest EVER fixed rate deal. In addition to a new 'lowest ever' rate, several 2 year fixed rates are now cheaper at various LTV levels.
For 60% LTV a 2 year fixed rate mortgage is now on offer at 1.94%, if you are an existing Nationwide borrower you will be offered an even lower rate which has been set at 1.84%. Fees are reasonable too at £900, and first time buyers get a £500 reduction meaning they pay just £400.
For those with a slightly smaller 30% deposit 2 year fixed rate mortgages are also now lower. A rate of 1.99% is on offer for 70% LTV, and for existing Nationwide customers the rate is 1.89%. Fees are set at the same level as for its 60% LTV deal at £900 and £400 for first time buyers.
A £99 booking fee is charged on both new deals, however a free standard valuation is offered for remortgage along with either £250 cashback or free legals.
In addition the lender has announced that its 75% LTV deals are to be cut by up to 0.15% and its 80% LTV deals by up to 0.3%.
Nationwide also advises that at present there are no plans to begin to increase rates.
If you would like to make a review of the Nationwide's 2 year fixed rate mortgage range call 0800 048 8828.
Call Deal Direct for impartial advice and a low rate mortgage.
0800 048 8828.
