Nationwide cuts 5yr fix mortgage below 4%
Nationwide Building Society has announced a new range of sub-4% mortgages, starting tomorrow.
The announcement of five-year fixed mortgage rates dropping below 4% is “a significant and positive development for both homeowners looking at remortgaging and prospective buyers alike”, says Andrew Montlake, managing director at mortgage broker Coreco.
Dariusz Karpowicz at Albion Financial Advice says “a lender of its size dipping below 4% could set a trend for other major lenders to follow”.
“This is fantastic news for borrowers, signalling potentially more competitive rates in the near future. Could sub-4% fixed rates be here to stay? Let’s hope so. It’s about time borrowers were given a break.”
Link to full article: https://www.proactiveinvestors.co.uk/companies/news/1052455/ftse-100-live-london-stocks-by-oil-and-copper-slide-compass-and-rolls-lead-risers-1052455.html