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Nationwide cuts interest on fixed-rate mortgages

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by David Masters
Nationwide cuts interest on fixed-rate mortgages

Nationwide has announced interest rate cuts on a number of its fixed-rate mortgages, and has launched a new range of tracker mortgages.

From February 17, new fixed-rate mortgage customers at the building society will be able to sign up for deals 0.2% lower than current rates.

The lower rates will also be available on remortgages and to current Nationwide customers renewing their mortgage contract.

Nationwide’s re-launched range of new tracker mortgages include two and three year deals. Two year tracker products start at 3.98%.

Andy McQueen, mortgage director, said: “We are increasing our mortgage product range with the re-launch of a two year tracker and a new three year tracker for those customers who are looking for a longer term tracker deal.”

Nationwide subsidiaries Cheshire and Derbyshire Building Societies recently launched a new range of fixed-rate bonds.

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News posted: February 16, 2009

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