20 Aug

Homeowners get cut remortgage rates

Homeowners get cut remortgage rates

Homeowners looking to remortgage their properties have been given good news after Nationwide announced it has cut rates on some of its mortgage products.

From today (August 20th 2010), customers can expect to see an average reduction of 0.15 per cent on its loan rates, which a spokesperson for the company said will have significant benefits for those looking to remortgage their properties.

Divisional director for mortgages and general insurance at Nationwide Andy McQueen stated: "We are reducing rates by up to 0.20 per cent across our range of products which is great news for customers seeking to remortgage."

One product is a two-year fixed-rate mortgage reduced by 0.19 percentage points to 3.39 per cent for a loan-to-value of 70 per cent.

First-time buyers looking to purchase their first house for sale in the UK will also benefit from a £500 discount on new mortgages.

Earlier this week, the Post Office revealed its latest offers, including a mortgage with a loan-to-value of 65 per cent at a rate of 2.85 per cent.ADNFCR-1222-ID-800033899-ADNFCR

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