News Article Published:
Thursday, 20 November 2008
Category:
Financial Services
Nationwide Building Society has attempted to encourage interest in its mortgage deals through a series of price cuts.
The company has announced that cuts of up to 0.8 per cent will be made to its two-year fixed-rate deal, as well as a number of three and five-year fixed-rate deals.
These new prices will begin as of tomorrow (November 21st).
"We are pleased to be able to cut the price of some of our fixed-rate deals," said divisional director for mortgages, Matthew Carter.
"Nationwide's two-year fixed-rate mortgage with a £599 fee is available from 4.98 per cent, making it one of the most competitive on the high street."
Additionally, the financial services company is continuing to tempt first-time buyers with a low reservation fee of £299 on its three-year fixed-rate product, as well as providing a £100 discount on their legal fees.
Nationwide is currently in negotiations with the Financial Services Authority (FSA) over a proposed merger with Cheshire Building Society.
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