Cheaper fixed-rate mortgages hit revised Nationwide price list

Nationwide Building Society this week unveiled a raft of new pricings on its fixed-rate mortgage range, cutting interest rates and improving affordability for customers.

Home movers can choose from a two-year fixed-rate product from interest rates of 5.78 per cent with a fee of £999, or a three-year fixed-rate product with a smaller fee, at £499, but heavier interest rates, at 5.98 per cent.

A 25-year fixed-rate offering is also on the table for home movers who want to remove their mortgage repayment obligations from possible base rate fluctuations over the longer term.

Among the range of new pricings for homeowners looking to remortgage or borrow more for their home, fixed-rate products again dominated the list.

A fee-free two-year product was one possibility, with a tempting interest rate of 6.53 per cent, although three-year, five-year, and ten-year fixed-rate products all offered interest rates of 6.13 per cent.

Across the range of fixed-rate products, Nationwide reminded customers, overpayments, underpayments and payment holidays are permitted, giving borrowers greater flexibility, and mortgages are portable in case homeowners decide to move home during the mortgage period.

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