Nationwide has launched two new mortgage rates that could be the best available on the market for some buyers
at the lowest available rate on the market for many homebuyers, as part of the latest slew of cuts from banks and lenders.This includes launching a five-year fix at 4.18 per cent and a two-year fix at 4.59 per cent for those with large deposits worth 40 per cent of the price of their property, which are usually referred to as 60 per cent LTV mortgages.
The mortgages also come with a hefty £1,499 fee, though for some borrowers, they could be the best available options.And the cuts come alongside reductions from other lenders too. Virgin Money is reducing multiple of its mortgage rates from Tuesday morning, as is Skipton Building Society. “Some of them have higher arrangement fee and lower rate products designed to make it easier to top the best buy tables. Before you choose a mortgage it is worth checking it makes sense to pay the higher fee especially if you do not need a large loan,” he added.
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