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13 February 2013
From Wednesday 13 February, Nationwide Building Society is introducing its lowest ever two-year fixed rate. Following the cuts of 0.15 percentage points, new customers will be able to access two-year fixed rates and tracker rates starting from 2.34%.
Existing borrowers will continue to benefit from rates 0.10 percentage points lower than new business rates.
Key highlights include:
Existing Nationwide mortgage customers looking to fund non-structural energy home improvement through the Society's new Green Additional Borrowing1 will now be able to access rates starting from 2.14% at 60% LTV.
Tom Riley, head of mortgage pricing at Nationwide, said: "Nationwide continues to demonstrate that it is open for business by announcing its lowest ever fixed mortgage rates.
"These latest cuts ensure our popular range of two-year fixed and tracker rate mortgages remain very competitive.
"The Society continues to make significant improvements for customers at all LTVs, not just for those with the largest deposits."
1Green Additional Borrowing can be used to fund:
Key features of the fixed and tracker mortgage product range for new applications
Main FlexAccount and FlexDirect customers benefit from exclusive mortgage offers; including the popular Flexible Mortgage. For eligibility criteria:http://www.nationwide.co.uk/current_account/why_choose_us/default.htm
Nationwide is the world's largest building society as well as the second largest savings provider and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.
Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.