Nationwide launches fixed rate range

These new rates are available from 22 April 2005 and reflect recent movements in the money markets.

- 2 year fixed rate available from 4.95% (previous rate 5.19%)

- 3 year fixed rate available from 5.09% (previous rate 5.19%)

- 5 year fixed rate available from 5.09% (previous rate 5.19%)

- 10 year fixed rate available from 5.09% (previous rate 5.19%)

All Nationwide’s new competitive fixed rate and tracker mortgages allow borrowers the additional flexibility to overpay or underpay during the deal period and are available to all borrowers. Nationwide will withdraw its current range of fixed rate mortgage products from close of business on 21 April.

Competitor comparison of two year fixed rate for homebuyers (up to 90% LTV)

Nationwide 4.95%

Abbey 5.24%

Woolwich 5.39%

C&G 5.29%

Halifax 5.59%

HSBC 5.49%

NatWest 5.29%

All rates correct as at 18 April, except Nationwide (correct as of 22 April)