Nationwide Launch Lowest Ever 10 Year Fixed Rate Mortgage
21 January 2015 / by Isabel Buxton
From today, Nationwide is introducing the lowest 10 year fixed rate mortgage deal on the market, featuring an interest rate of just 2.84% for existing Nationwide mortgage customers and 2.94% for new mortgage customers. The new deals are available at up to 60% loan to value (LTV).
The 10-year fixed rate mortgage offers come with a £999 product fee, which will be reduced to £499 for first-time buyers – a helping hand for those who are taking their first step onto the property ladder. For those who are looking to remortgage, meanwhile, there is the offer of a free standard valuation plus either legal fees covers or £250 cashback.
Richard Napier, Nationwide’s director of mortgages and savings, said: “There has been a growing trend of customers opting for longer term fixed rates to ensure certainty of monthly mortgage payment, particularly ahead of any rise in interest rates, with the recently-introduced 10 year fixed rate mortgages proving a popular addition to the range.”
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