Nationwide Building Society has announced a series of rate reductions this morning including a cut of 1.10% on a ten-year fix.
According to the lender, its 10-year fixed rate between 75-85% LTV has been cut by 1.10% to 2.89% with no fee and is available from today.
Fee-free 10-year fixed rates will fall by 65bps to 3.34% at 85-90% LTV, by 20bps to 2.59% between 60-75% LTV, and by 35bps to 2.44% up to 60% LTV. 10-year fixes are also available 10bps lower with a £999 fee.
Additionally, two, three and five-year fixed rates in the Society’s range will see reductions of up to 0.15% at 60% LTV.
Henry Jordan, Nationwide’s director of mortgages, said: “Our range of fixed rate mortgages have proved particularly popular as people seek the security of fixing their mortgage payments for the future, and as a result we’re focused on keeping our rates as competitive as possible.
These reductions clearly demonstrate our commitment to offering competitive products to both existing members and new customers in a range of LTVs. Combine that with our commitment to providing legendary service and we believe we offer the whole package that makes a real difference to homeowners.”