Nationwide slashes remortgage rates

Nationwide has cut its remortgage rates by as much as 0.20 per cent on selected products today Friday August 20th.
The firm hopes the rate reductions will improve the competitiveness of its products.

Reductions on the firm's remortgage range include a 0.19 per cent cut to Nationwide's two-year fixed-rate product and a 0.09 per cent fall in the cost of its three-year fixed-rate deal.

The two-year mortgage now has a rate of 3.39 per cent and a loan-to-value LTV of 70 per cent, while the three-year deal has a new rate of 4.09 per cent and an LTV of 70 per cent.

Andy McQueen, divisional director for mortgages and general insurance at Nationwide, said: "We are reducing rates by up to 0.20 per cent across our range of products which is great news for customers seeking to remortgage.

Meanwhile, Kensington has cut the cost of its residential mortgage product range to help would-be homeowners find a deal that meets their circumstance. 

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2010-08-20 12:07:51 © Moneyextra.com