Nationwide’s new 2-year fixed rate mortgage deal is available up to 60 per cent loan-to-value, with a rate of 1.84 per cent for new home loan customers, and 1.74 per cent for existing mortgage customers.
The deals come with a £999 product fee, reduced to £499 for first-time buyers.
In addition, the society is reducing selected fixed and tracker rates across its mortgage range by up to 0.65 per cent.
Two-year fixed rate deals are down by up to 0.55 per cent, while three and 4-year fixed rate deals have been reduced by up to 0.5 per cent and start from 2.29 per cent.
Five-year fixed rate mortgages are lowered by up to 0.55 per cent and start at 2.84 per cent.
Tracker rates are also reduced by up to 0.65 per cent, with rates starting at 1.44 per cent for the 2-year tracker, available at up to 75 per cent LTV.
Richard Napier, divisional director of mortgages and savings at Nationwide, said: “We are demonstrating our mutual difference by offering competitive fixed rate and tracker deals to all mortgage customers, whilst continuing to offer additional discounts for existing mortgage customers and first time buyers.”
emma.hughes@ft.com
