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Nationwide cuts fixed mortgage rate products
Tue, 12 Jul 2005
Nationwide Building Society has announced the launch of new fixed mortgage rate products.

First time buyers or others with smaller deposits would find these fixed mortgage rate products particularly appealing when they combine it with the no Higher Lending Charge option.

The deals are available with or without reservation fee, and with a maximum loan to value of 95 per cent.

The fixed mortgage rate starts at 4.39 per cent over two years, 4.59 per cent over three years, 4.69 per cent over five years and 4.89 per cent on the ten-year deal.

Some of the mortgage lender's tracker mortgage rates were lowered as well.

These lower mortgage rate deals are available to new and existing borrowers.

Mortgage holders have the additional flexibility to make overpayments or underpayments during the lifetime of the mortgage.

Nationwide is the UK's fourth largest mortgage lender and seventh largest retail banking, saving and lending organisation by asset size.

It is the largest building society in the world and is committed to staying mutual.

Mortgages, savings accounts, current accounts, credit cards, life insurance, investment products, personal loans and household insurance are all available from the Nationwide Group.

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