In a rate reduction across their entire 2 year fixed rate range, Nationwide Building Society have launched their lowest ever fixed rate mortgage - a new 1.94% (the overall cost for comparison is 3.9% APR) 2 year fixed deal for anyone with at least 40% equity. The mortgage comes with a £999 arrangement fee and is subject to standard 3% Early repayment charges if repaid within the fixed term.
Unfortunately it's only available to existing customers, while those of us with other lenders can take a 2.04% (4% APR) deal with £900 product fee, and first-time buyers with a reduced product fee of £400. Or for those with smaller loans the 2.44% (4.5% APR) with no product fee might be more favourable. A non-refundable booking fee of £99 is attached to both loans.
All products revert to Nationwide's standard variable rate, currently at 3.99%.
If you're ready to make an application or if you just have an enquiry, please fill out our quick form below and an expert will be in touch ASAP. If you require help immediate assistance please give us a call.