21 June 2005
Nationwide has cut the cost of borrowing again, by reducing rates on its two-year fixed rate and two-year tracker rate products.
This is the third time in three months that the building society has cut borrowing costs, as it continues to hold its position as one of the most competitive lenders on the high street.
The two-year fixed rate is the lowest rate from any top ten lender at just 4.49 per cent and the two-year tracker rate stands at 4.74 per cent.
Nationwide's marketing director, Steve Clode said: "Other lenders might tweak one or two rates to grab headlines.
"Once again we've shown our commitment to fairness and value by cutting the cost of borrowing across our full range of fixed rate deals and adjusting our two year tracker to ensure we offer a good choice for new and existing borrowers."
Nationwide also currently offers a three-year fixed rate of 4.69 per cent, a five-year fixed rate from 4.79 per cent and a ten-year fixed rate from 4.89 per cent.
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