Nationwide lowers its early repayment charges
Nationwide Building Society has lowered the amount it charges borrowers to repay their mortgage early. The vast majority of fixed rate mortgages have early repayment charges attached to them and they can be very high. Nationwide's changes make their rates more attractive.
Their two-year fixed rate early repayment charges will be reduced from 3% to 2%, while three-year fixes will see the charges reduced from 4%to 3%.
Aaron Strutt, product manager at Trinity Financial, says: "Not all of the lenders have high exit charges so it is important to factor them in when you choose a mortgage."
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May 2, 2014
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