Remortgage rates cut by Nationwide

Date:Friday 20th August 2010
Author: Max Freedman

Customers look for a good deal on remortgaging products could be interested in some cuts announced by Nationwide.

The institution has stated that it is to reduce the cost of some of its remortgaging deals, with a drop of up to 0.2 per cent seen on some products.

Some of the mortgages that will now be available through the company include a two-year fixed-rate product which has been reduced by 0.19 per cent to 3.39 per cent, with a loan-to-value ratio of up to 75 per cent.

Andy McQueen, divisional director for mortgages and general insurance at Nationwide, said that the reductions on their products were "great news for customers seeking to remortgage".

Meanwhile, prospective homeowners who are looking to take their first step on to the property ladder may benefit from changes to the products offered by Kensington, where rates, loan levels and deposit requirements have all been favourably adjusted.