Nationwide to reduce fixed mortgage rates by up to 0.3%

Nationwide is to reduce its two-year fixed mortgage rates for new applications by 0.3% and its three and five-year fixed mortgage rates for new applications by 0.1%.

The changes take effect from Friday 20 May 2011.

Martyn Dyson, head of mortgages at Nationwide, said: "The rate cuts apply to most of our fixed rates and include our best buy three-year fixed rate, which is being reduced by a further 0.1%.

"So whether you're a home mover, existing customer coming to the end of your deal, thinking of remortgaging or looking for a further advance, come in and speak to our mortgage experts, as we may have a deal for you."

For more information, visit nationwide.co.uk.