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Nationwide drops two-year fixed mortgage rate to all-time low

2/9/2021, 2:14 pm

The Nationwide Building Society's lowest ever mortgage rate is due to go live tomorrow, as the mortgage wars heat up. And then some.

The mortgage rate wars have taken on an almost Spartan intensity as lenders fight for the market share of low-risk, quality borrowers.

To this end, the Nationwide has launched a historic two-year fixed rate of 0.87% @ 60% LTV with a £1499 fee.

Mortgage lenders are elbowing and barging each other in an effort to sweep up the highest quality customers they can and they're using absurdly low rates to land their prey.

The Nationwide are also reducing other selected products in a bid to acquire market share, while the market for remortgaging is equally white-hot.

The mortgage rate wars have taken on an almost Spartan intensity as lenders fight for the market share of low-risk, quality borrowers.

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