LONDON, UNITED KINGDOM — (Marketwire) — 09/02/11 — has reduced all by 0.1% for new applications. All changes came into effect Thursday 1 September 2011.
Martyn Dyson, head of at Nationwide, said: “We know from our mortgage consultants and brokers that five-year fixed rate products are popular with borrowers, so our latest rate reduction ensures our deals continue to be amongst the most competitive in the market place.”
Five-year fixed rate available at 3.69% (up to 70% LTV)
Five-year fixed rate available at 3.89% (up to 70% LTV)
All other Nationwide mortgage rates remain unchanged.
About Nationwide
Nationwide Building Society is the world-s largest building society and a top-three provider of mortgages and in the UK. It is also a major provider of , and . With around 16 million members, Nationwide has a relationship with around a quarter of the UK population.
Since the credit crunch began in 2007, Nationwide has remained profitable against a very difficult economic environment. In the year 2010/11, Nationwide made a strong underlying profit of GBP 276 million – up 30% from the previous year. Its strong financial performances and prudent business model means that Nationwide is included in Global Finance magazine-s Top 50 Safest Banks in the World.
Notes to editors:
Key features of the fixed and tracker mortgage product range for new applications
Contacts:
Media information:
Nationwide
Anthony Hua
01793 657770
Nationwide
Jackie Lawrence
01793 655130