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Nationwide go against current trend and reduce rates!
Nationwide today brought much-needed cheer into the mortgage market after cutting a number of its home loan deals by over a quarter of a percentage.
The lender today announced that its two-year tracker rates will fall by up to 0.27 percentage from Wednesday 9th July.
The UK's biggest lender Halifax responded by announcing that it will cut its trackers by an average of 0.12 points.
Halifax will be increasing the cost of fixed rates by 0.23 points on average from today. The Nationwide however said it would reduce its two-year fixed rate mortgages by 0.07 points.
