|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    23rd of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Mortgage News feed Mortgage News

All Financial News feed All Financial News

Nationwide and Abbey reduce mortgage rates

Bookmark and Share

by Gill Montia
Nationwide and Abbey reduce mortgage rates

Nationwide Building Society is reducing interest rates on some of its fixed-rate and tracker mortgages this week, with rates on its fixed loans for house buyers falling up to 0.07%.

A two-year fix is available from 6.58% with a £599 fee or 6.98% with no fee, while rates on the lender’s newly-launched two-year tracker start at 5.98% with a £599 fee, or 5.78% with a £1,499 fee.

Interest rates on trackers are down by up to 0.27% but only for those with large deposits; homeowners with only a 5% deposit will not benefit from any reductions.

The tracker allows borrowers the option to switch to certain Nationwide fixed-rate deals at any time during the life of the mortgage, without incurring a fee or early repayment charge.

Meanwhile, Abbey has reduced its rates on 75% loan-to-value fixed-rate and tracker loans by up to 0.2% and Birmingham Midshires is expected to announce some rate cuts in the days ahead.

Discuss this in the Finance Markets forums

Story link: Nationwide and Abbey reduce mortgage rates

News posted: July 7, 2008

Financial Services:

Related financial stories to: Nationwide and Abbey reduce mortgage rates:
Previous: «
Next: »

Visited 3756 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , ,