Nationwide cuts the price of fixed rate mortgage deals
7 August 2008
Nationwide Building Society has announced that it is cutting the price of its two, three and five year fixed rate deals by up to 0.25%, these new rates are available for those looking to remortgage, switch product or take a further advance. The new rates will be available from 8 August 2008.

Existing Nationwide borrowers will also benefit as the Society is, for a limited period only, waiving the £599 reservation fee for existing borrowers switching to the fixed and tracker products which currently have this fee.

Martyn Dyson, head of mortgages at Nationwide, said: "As a building society we always aim to offer our members the best possible deals. Once again we are in a position to reduce rates on a number of deals available to customers wishing to remortgage, switch their current mortgage deal or take a further advance. As part of our commitment to rewarding customer loyalty we are also now waiving the £599 fee for existing borrowers wishing to switch deal.

"Customers can have confidence taking a mortgage with Nationwide whether they are buying, re-mortgaging or coming to the end of their existing deals."

Full details of Nationwide's product range are shown below. The changes outlined above will take effect from 8 August 2008.

In addition, the chance to be "mortgage payment free" for a year (up to a maximum of £10,000) remains available - all customers who have a mortgage interview in a branch or on the phone between 28 July and 30 September will be entered into a free prize draw and 10 lucky winners will have their mortgage payments made by Nationwide for a whole year.

---