Nationwide's 'bold' home rates drop

NATIONWIDE has announced mortgage rate cuts of up to 0.21 per cent for those buying a home or looking to remortgage.

- BY RECORD REPORTER

Selected two, three and five-year fixed rate products across its mortgage range have been slashed, with its lowest rate now at 3.74 per cent.

Shaun Sturgess, director at Swansea-based Sturgess Mortgage Solutions, described the move as “bold”.

He added: “While other lenders like Barclays are increasing rates, Nationwide is clearly positioning itselfto capture market share ahead of a potential Bank of England base rate cut.