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Nationwide unveils competitive new fixed rate mortgage range

25 May 2005
The new fixed rate mortgage range from Nationwide includes the lowest two year fixed rate deal from any top ten lender.

Rates for all the new fixed rate deals, which include two year, three year, five year and ten year plans, are also some of the lowest available from any major high street lender, according to Nationwide.

Fixed rates with reservation fee range from 4.69 per cent on the two year deal to 4.99 per cent on the ten year deal, whilst those without reservation fee are down to 5.09 per cent for the two year plan and 5.39 per cent for the ten year mortgage.

"Our competitive fixed rate mortgages are now some of the lowest available, which is great news for homebuyers and people looking to remortgage," said Stuart Bernau, executive director of Nationwide.

"With Nationwide, borrowers' savings will also continue into the future as our standard variable rate betters the major players in the mortgage market by 75 basis points."

All the deals allow borrowers to overpay or underpay during the deal period and are available to all customers.

Nationwide's current range of fixed rate mortgage products will be withdrawn from close of business on May 23rd.

Click here to find out more about fixed rate mortgages.

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