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> Breaking news > Nationwide reduces all five-year fixed mortgages rates
Nationwide reduces all five-year fixed mortgages rates
Nationwide is to reduce all five-year fixed mortgage rates by 0.1% for new applications, details...
Five-year fixed rate with £999 fee at 3.69% (up to 70% LTV) available
Nationwide is to reduce all five-year fixed mortgage rates by 0.1% for new applications. All changes take effect on Thursday 1 September 2011.
Martyn Dyson, head of mortgages 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)
- £900 product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and remortgage customers
- £500 product fee discount for first-time buyers
- Other rates up to 85% LTV also available
Five-year fixed rate available at 3.89% (up to 70% LTV)
- No product fee, £99 booking fee (payable upfront and non-refundable) for house purchase and remortgage customers
- Other rates up to 85% LTV also available All other Nationwide mortgage rates remain unchanged.
Last week, UK Asset Resolution Limited (UKAR), the "bad seed" of the bank Northern Rock, anounced the payment of 2,15 billions pounds to the british department of finance after the 1,1 billion pounds in 2010.
The bank still owes 46,6 billions pounds to the Treasury after the British state bought out Northern Rock in 2008 to save it from bankrupcy.
UKAR, which also holds the account of lowns of Bradford & Bingley made a 1,09 billion profit in 2011. The (...)
Northern Rock : 2 billions for the state from the "Bad Bank"
Northern Rock Building Society was formed in 1965 as a result of the merger of two North East Building Societies; the Northern Counties Permanent Building Society (established in 1850) and the Rock Building Society (established in 1865).
During the 30 years that followed, Northern Rock expanded by acquiring 53 smaller building societies, most notably the North of England Building Society in 1994.
The bank has conducted during the 2000s a policy of loan risk: much of its (...)
