Nationwide Building Society has announced it is cutting its fixed and tracker rates on selected products which will be available from Friday 6th November 2009.

For those buying a home:

1. Two year fixed rate available from 3.78% (up to 70% LTV) and two year tracker available from 2.78% (up to 70% LTV)

New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£99 booking fee (payable upfront and non-refundable)
£896 reservation fee

2. Two year fixed rate available from 3.88% (up to 70% LTV) and two year tracker available from 2.99% (up to 70% LTV)
New customers can borrow up to 85% LTV
Existing borrowers who are moving home can borrow up to 95% LTV
£99 booking fee (payable upfront and non-refundable)
£396 reservation fee

For those remortgaging:
1. Two year fixed rate available from 4.37% (up to 60% LTV) and two year tracker available from 3.48% (up to 60% LTV)
New customers can borrow up to 85% LTV on the fixed rate and up to 75% on the tracker rate
£99 booking fee (payable upfront and non-refundable)
£396 reservation fee

2. Two year fixed rate available from 4.87% (up to 60% LTV)
New customers can borrow up to 85% LTV
£99 booking fee (payable upfront and non-refundable)
No reservation fee

FlexAccount
1. Two year fixed rate available at 5.98% (up to 90% LTV)
Existing customers with a FlexAccount as their main current account can borrow up to 90% LTV
£99 booking fee (payable upfront and non-refundable)
£396 reservation fee
Two year tracker available at 4.63% (up to 90% LTV)

Existing customers with a FlexAccount as their main current account can borrow up to 90% LTV
£99 booking fee (payable upfront and non-refundable)
£896 reservation fee

Andy McQueen, mortgage director at Nationwide, said: “We are making 19 individual rate cuts of up to 0.31% on some of our house purchase and remortgage products. This, together with the special offers we recently announced for first time buyers and house purchasers, will be good news for those trying to get on the housing ladder or secure a new home.”

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