Nationwide offers lowest ever fixed mortgage rate

Nationwide is reducing all two-year fixed rates available up to 70 per cent loan to value (LTV) by 0.10 per cent - the Society's lowest ever fixed rate deal.

The changes include Nationwide's first sub 2 per cent fixed rate product, available up to 60 per cent LTV for their existing mortgage customers

Key highlights include:

New 2.04% two-year fixed rate up to 60% LTV with £900 product fee (1.94% for existing Nationwide mortgage customers)

First time buyers pay a reduced product fee of £400

Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback

A non-refundable booking fee of £99 is payable on reservation
 
New 2.44% two-year fixed rate up to 60% LTV with no product fee (2.34% for existing Nationwide mortgage customers)

Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback

Non-refundable booking fee of £99 is payable on reservation

Nationwide is also reducing all two and three year tracker rate products by up to 0.15 per cent.
 
Tracie Pearce, head of group mortgages at Nationwide, said: "These reductions clearly demonstrate our commitment to offering extremely competitive rates, both to new and existing customers.
 
"In particular, the reduction of two-year fixed rates available up to 70 per cent LTV by 0.10% means we are offering our lowest ever fixed rate deal."