20
Aug
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.