Nationwide Building Society slashes mortgage deal prices

4th July 2008
By Staff Writer

Nationwide Building Society has announced that it is cutting the price of some of its fixed rate and tracker mortgage deals by up to 0.27%.

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With effect from July 9, 2008, the society will reduce the rates on its two-year fixed rate and two-year tracker mortgages. At the same time, the society will launch a new two-year tracker, available from 5.78% with a GBP1,499 fee.

Matthew Carter, divisional director for mortgages at Nationwide, said: "As a building society we always aim to offer our members the best possible deals. These price changes reinforce our message that, despite tougher market conditions, we remain very much open for business. These changes complement existing competitive three year products with reductions to key fixed rate and tracker deals.

"As with all of our tracker deals, our latest offer comes with the free facility to switch-and-fix onto any appropriate Nationwide fixed rate at any time during the life of the deal, without incurring an early repayment charge."

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