Nationwide reduces two-year 50% LTV fixed mortgage rates

Nationwide is to reduce its two-year 50% LTV fixed mortgage rates for new applications by 0.15%, with rates starting from 2.99%. The change takes effect from Friday 3 June 2011.

Martyn Dyson, head of mortgages at Nationwide, said: "This rate reduction of our two-year fixed deals at 50% LTV is great news for borrowers with a larger deposit.  In particular, we believe this re-price will prove popular for remortgage customers looking to come to us from another lender, as well as our existing customers coming to the end of their deal."

Two-year fixed rate available at 2.99% (up to 50% LTV)

£400 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase customers.

£900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage and switcher customers. 

Other rates up to 85% LTV also available.

Two-year fixed rate available at 3.39% (up to 50% LTV)

No product fee, £99 booking free (payable upfront and non-refundable) for house purchase, remortgage and switcher customers.

Other rates up to 85% LTV also available.

Other special offers

£300 cash-back for existing Nationwide mortgage customers when they move home or switch to a new mortgage deal at the end of their deal.

Remortgage customers continue to receive free standard valuation and free standard legal fees.