Nationwide release a 'lowest EVER 2 year fix' at 1.74%. Call 0800 048 8828 for a quote.

From today Nationwide is offering a 2 year fixed rate mortgage for 60% LTV at just 1.74% for existing mortgage customers, and 1.84% for new borrowers.

This is the cheapest 2 year fix the lender has ever launched, and as well as an exceptionally low rate the mortgage fee has been set low too at £999. This figure is reduced to £499 for first time buyers.

In addition to releasing its new mortgage, Nationwide has also announced that several tracker and fixed deals within its range are down in price.

Nationwide price reductions:

• 2 year rates have been cut by 0.55% and now start from 1.84%.
• 5 year rates have been cut by 0.55% and now start from 2.84%.
• 3 and 4 year rates have been cut by 0.50% and now start from 2.29%.
• Tracker rates have been cut by 0.65% and now start from 1.44%.

A spokesperson for the Nationwide commented on the rate reductions advising that the reason for the price change is to ensure that all UK mortgage customers are offered the best rates possible.

In addition the lender wants to offer additional discounts to its existing customers as a reward for their loyalty and so will continue with a dual pricing system. Discounts and low fee deals are also on offer to first time buyers to make climbing on the property ladder easier.

For a review of Nationwide's new range and a 'like for like' comparison against all other UK lenders deals, contact a fully qualified impartial adviser at independent 'whole of market' broker Deal Direct.

Let us search the market on your behalf as we can find you the most competitive mortgage offer for your deposit level.

At the touch of a button we can compare all lenders products on a 'like for like' basis factoring in all incentives, fees and rates to ensure you end up with the most affordable and competitive mortgage possible.

For impartial advice and a low rate mortgage offer,

call us on 0800 048 8828.