Nationwide Building Society has recently announced a reduction in its remortgage and first-time buyer rates of up to 75 basis points. This is great news for those looking to take advantage of the current low-interest rate environment.
The new rates are available for both two-year and five-year fixed-rate mortgages. The two-year fixed-rate mortgage has been reduced from 2.99% to 2.24%, while the five-year fixed-rate mortgage has been reduced from 3.19% to 2.44%. This is a significant reduction in rates and could save borrowers thousands of pounds over the course of the loan.
For those looking to remortgage, this could be a great opportunity to save money on their monthly payments. By switching to a lower rate, borrowers could reduce their monthly payments and save money in the long run. Additionally, those looking to purchase their first home could benefit from the reduced rates, as they could potentially save thousands of pounds over the course of the loan.
Nationwide Building Society is one of the largest building societies in the UK and has a long history of providing competitive rates for its customers. This latest move is just another example of Nationwide’s commitment to helping its customers get the best deal possible.
For those looking to take advantage of the reduced rates, it is important to shop around and compare different lenders to ensure you get the best deal possible. Additionally, it is important to consider all the associated costs when taking out a mortgage, such as legal fees and stamp duty, as these can add up quickly.
Overall, Nationwide’s reduced remortgage and first-time buyer rates are a great opportunity for those looking to take advantage of the current low-interest rate environment. By shopping around and comparing different lenders, borrowers can ensure they get the best deal possible and save thousands of pounds over the course of their loan.