Prices cut on selected Nationwide mortgages

Date:Monday 30th March 2009
Author: Susanna Kavka

A UK lender has announced that it is cutting the prices of some of its mortgage deals.

As of April 1st, Nationwide Building Society is to offer two-year fixed-rate deals from 3.78 per cent for mortgages of up to 60 per cent loan-to-value (LTV).

In addition, three-year fixed-rate products will be available for LTVs of up to 60 per cent.

Nationwide is also making three-year tracker home loans available from 3.33 per cent for LTVs of up to 60 per cent.

It described the deal as "one of the most competitive" on the market.

Mortgage director at the lender Andy McQueen said: "Following recent movements in the money markets, we are pleased to be in a position to cut the price of our fixed and tracker-rate mortgage deals."

Recently, Clydesdale Bank announced a selection of new mortgage deals, including a two-year fixed-rate product available for LTVs of 60 per cent at 3.79 per cent.