Nationwide launches lower fixed rate mortgages

These are 0.20 per cent lower than existing fixed rates. These new mortgages are available from 20 August.

-2 year fixed rate available from 5.19%

-3 year fixed rate available from 5.49%

-5 year fixed rate available from 5.59%

All new Nationwide fixed rates allow borrowers the additional flexibility to overpay or underpay during the fixed rate period and are available to all borrowers. Nationwide Building Society will withdraw its current range of fixed rate mortgage products from close of business on 19 August.