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Product update - MortgagesWednesday, November 30 , 2011
Nationwide will amend selected fixed and tracker mortgage rates with effect from Wednesday 30 November 2011. The Society will reduce rates available between 75% and 85% LTV on its five-year fixed rate mortgage by 0.10%. At the same time, the Society will make a number of other pricing changes. Further details can be found below. Martyn Dyson, head of mortgages at Nationwide, said: "Nationwide is committed to helping borrowers with smaller deposits obtain competitive mortgage rates. The 0.10% reduction on our five-year fixed rates between 75% and 85% LTV will help those who have a smaller deposit and who are looking for a longer term fix." New rates include: Five-year fixed rate available at 4.39% (85% LTV) - a cut of 0.10%
Two-year tracker available at 3.49%, BBR + 2.99% (85% LTV) - a cut of 0.05%
Please note:
Key features of the fixed and tracker mortgage product range for new applications
Nationwide Building Society is the world's largest building society and a top-three provider of mortgages and savings in the UK. It is also a major provider of current accounts, credit cards and personal loans. With around 16 million members, Nationwide has a relationship with almost a quarter of the UK population. Since the credit crunch began in 2007, Nationwide has remained profitable against a very difficult economic environment. In the year 2010/11 Nationwide made a strong underlying profit of £276 million - up 30% from the previous year. Its strong financial performance and prudent business model means that Nationwide is included in Global Finance magazine's Top 50 Safest Banks in the World. Other UK Financial News
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