Nationwide steps up battle with rivals by cutting fixed-rate mortgages
Tuesday 20 January 1998
Nationwide has reduced two, three and five-year fixed-rate mortgages by 0.4 per cent, a move made possible by recent falls in long-term interest rates.
The two-year fixed rate at Nationwide is now 5.49 per cent. The three- year fixed rate is 6.19 per cent and the five-year rate is 6.69 per cent.
Bradford & Bingley's 343,000 borrowers were less fortunate, as the building society ended a four-month mortgage freeze with a 0.5 per cent increase in its variable rates.
From 1 February, Bradford & Bingley's variable rate for "loyal" borrowers will be 8.25 per cent. The rate for other borrowers - customers of less than two years' standing - will be 8.45 per cent.
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
- 3 The Grace Dent Christmas Questionnaire
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Vagina canoe artist defends herself over ‘obscenity’ charges
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...