Twitter Facebook RSS FEEDS

Nationwide to cut mortgage rates

Thursday, 5 August 2010 6:00 PM

Nationwide has announced that it will cut selected mortgage rates by up to 0.3 per cent from tomorrow (August 6th).

The cuts are targeted at helping customers with smaller deposits for a house purchase.

Some of the biggest cuts are on the lender's 85 per cent loan-to-value deal, with Nationwide's two-year and five-year fixed rate mortages offering this ratio cutting rates by 0.3 per cent.

Nationwide head of mortgages Martyn Dyson explained that the two-year fixed rate deal in particular is "very competitive".

Mr Dyson explained: "What's more, cash-back offers and discounts remain available.

Existing customers who take a new Nationwide mortgage when either moving home or switching at the end of their deal can receive £300 cash-back, while first time buyers can receive a £500 product fee discount on selected products."

House affordability may still be an issue for many first-time buyers, with Firstrung claiming earlier this week that there is still around a £100,000 gap between the average asking prices for properties and the average selling price, based on analysis of data from Rightmove and the Land Registry

Related stories

Nationwide cut mortgage rates

Nationwide cut mortgage rates

Nationwide cut mortgage rates

 The reductions apply to three-year fixed rate mortgages.

Banks cut mortgage rates for first-time buyers

Yorkshire and Clydesdale offer new rates on 90 per cent and 95 per cent loans.
Nationwide increases mortgage rates

Nationwide increases mortgage rates

Nationwide increases mortgage rates

 Country cottage

Tracker mortgage rates drop to historic low

Lenders are trying to tempt borrowers away from SVRs and onto tracker deals - but which would leave you better off?
Mortgage application

Mortgage rates rise despite lenders' cost savings

The banks have been accused of squeezing their customers when the property market is already suffering and buyer confidence is low.

 Young couple receiving keys to new house

First-time buyer mortgage rates hit three-year low

The number of 90 per cent mortgages has increased significantly since this time last year, and rates are dropping for FTBs.
Savings or mortgage repayments?

Mortgage-holders at risk from rising interest rates

More than seven million mortgage customers could struggle if interest rates were raised, the Bank of England has warned.

 Interest rates on buy to let mortgages have fallen in the last year

Buy to let mortgage rates fall

Landlords can get better deals than a year ago but rates still much higher than for ordinary borrowers.
Santander are the fifth lender to sign up. Photo:Getty Images

Santander becomes fifth NewBuy mortgage lender

Boost for scheme to guarantee 95 per cent loans for buyers of new homes but other banks have increased rates.

More home owners would take up Green Deal energy efficiency programme with lower VAT, say groups. Image: Thinkstock

Government urged to cut VAT on Green Deal

Coalition of 26 groups say 5 per cent VAT rate would encourage home owners to make property more energy efficient.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

A guide to finding the right kitchen sink

When redesigning a kitchen or giving the room a makeover, it is important not to forget about the less obvious aspects of the space. Kitchen sinks are an essential fitting, but often overlooked, despite the fact there is a wide choice of styles available.

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.