The i - Nationwide reveals new lowest mortgage rate for homebuyers as price cuts continue

Aaron Strutt Image

Nationwide has launched a new mortgage at the lowest available rate on the market for many homebuyers, as part of the latest slew of cuts from banks and lenders.

From Tuesday morning, the building society is reducing fixed rates by up to 0.3 percentage points.

Aaron Strutt of Trinity Financial told i: “More of the lenders are lowering mortgage rates and undercutting their competitors to offer cheaper deals.

“Some of them have higher arrangement fee and lower rate products designed to make it easier to top the best buy tables. Before you choose a mortgage it is worth checking it makes sense to pay the higher fee especially if you do not need a large loan.” he added.

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