Nationwide reduces all five-year fixed mortgage rates

Nationwide is to reduce all five-year fixed mortgage rates by 0.1% for new applications.  All changes take effect on Thursday 1 September 2011.

Martyn Dyson, head of mortgages at Nationwide, said: "We know from our mortgage consultants and brokers that five-year fixed rate products are popular with borrowers, so our latest rate reduction ensures our deals continue to be amongst the most competitive in the market place."

Five-year fixed rate available at 3.69% (up to 70% LTV)

£900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and remortgage customers
£500 product fee discount for first-time buyers
Other rates up to 85% LTV also available

Five-year fixed rate available at 3.89% (up to 70% LTV)

No product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and remortgage customers
Other rates up to 85% LTV also available
All other Nationwide mortgage rates remain unchanged.