Nationwide offering leading two and five-year fixed mortgages for homebuyers borrowing between £300,000 and £5 million
Nationwide for Intermediaries has launched two of the most competitively priced mortgages following its latest rate reprice.
The UK’s largest building society has lowered many fixed rates by up to 0.3 percentage points for new and existing customers.
While many of Nationwide’s rates have improved, its most competitively priced five-year fix is now just below 4.2%, and its two-year fix is just below 4.6%. These rates undercut the deals offered by most of its rivals.
Nationwide's lowest mortgage rates are available for those with larger deposits of 40% of the price of the property they are buying, usually called 60% loan-to-value. They are also available for borrowers purchasing a property and raising between £300,000 and £5 million. The mortgages have £1,499 fees.
Aaron Strutt of Trinity Financial told i newspaper: “More of the lenders are lowering mortgage rates and undercutting their competitors to offer cheaper deals. It is good news that lenders are lowering their rates again, particularly as there have been so many rate rises recently.
“Some lenders have higher arrangement fees and lower rate products designed to make it easier to undercut rival providers. Before you choose a mortgage, it is worth checking if it makes sense to pay the higher fee, especially if you do not need a large loan."
Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire.
The information contained within was correct at the time of publication but is subject to change.
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