Nationwide cuts rates across mortgage range

The news follows prime rate reductions from several other major lenders following credit market jitters after the collapse of several US sub-prime lenders. Nationwide has announced ten rate reductions across its range of home mover and remortgage products including the 25-year fixed rate deals. The 25-year home mover deal will be reduced to 6.34%, while the 25-year remortgage product is to charge at a rate of 6.44%. The lender also reduced its ten-year and five-year fixed rate remortgage deals, with both now charging 6.13%. Several shorter two-year deals also saw rates cut, with the two...