Nationwide Cuts Rates on Tracker and Fixed Rate Mortgages

Nationwide (LON:CEBB) has just released new mortgage rates from today with cut rates on some fixed rates and tracker products. Nationwide is offering a two year fixed rate available from 3.78 per cent, up to 70 per cent LTV for purchasers.

They are also offering and a two year tracker deal, available from 2.78 per cent up to 70 per cent LTV. Existing borrowers moving home can borrow up to 95 per cent LTV is a good start from Nationwide however new customers this is restricted to 85%.

There are also some good remortgage deals, mortgage director at Nationwide Andy McQueen said “We are making 19 individual rate cuts of up to 0.31 per cent on some of our house purchase and remortgage products. This, together with the special offers we recently announced for first time buyers and house purchasers, will be good news for those trying to get on the housing ladder or secure a new home.”

To see what other rates are available go to introducertoday.co.uk. Do you think banks and building societies should do more for first time buyers? Let us know your thoughts.