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Nationwide cuts remortgage rates

Dominic Welling dominic.welling@consumerchoices.co.uk

Nationwide has cut its fixed remortgage rates by up to 0.20%.

Nationwide, Britain’s biggest building society, has cut the rate of its two-year fixed-rate remortgage product to 3.39% for people who have a 30% deposit.

The three-year fixed rate has also been reduced to 4.09%.

However, both these products come with an £896 product fee and a £99 booking fee.

Nationwide is also offering:

• A two-year fixed rate at 3.79% - up to 70% loan-to-value
• Two-year fixed rate at 4.29% - up to 75% loan to value

These have no product fee but do come with a £99 booking fee.

Existing customers who take a new Nationwide mortgage when either moving home or switching at the end of their deal can receive £300 cashback, while first-time buyers can receive a £500 product fee discount on selected products.