Nationwide slashes mortgage rates

Nationwide has today announced that it is cutting mortgage rates by up to 0.20 per cent.

It will decrease the interest payable on all of its three-year fixed mortgages, with changes coming into effect on Friday April 15th.

The three-year fixed mortgage rates undergoing a cut include its 3.79 per cent home loan for purchase, remortgage and switcher customers, available up to 70 per cent LTV and its 4.09 per cent rate available for purchases, remortgages and switchers.

"Whether you're buying a house, remortgaging or switching at the end of your Nationwide mortgage deal, you'll be able to take advantage of our improved three-year fixed rates," said Martyn Dyson, Nationwide's head of mortgages.

He added that customers who switch to Nationwide looking for cheap mortgages will continue to enjoy £300 cash back.

The building society has also recently launched a new protected equity bond available as a deposit plan or through a cash Isa.

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2011-04-14 13:33:31 © Moneyextra.com