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Nationwide Building Society launches new 0.99% mortgage rate deals for existing homeowners
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dailyrecord.co.ukNationwide Building Society has launched a new 0.99% mortgage rate for homeowners looking to remortgage. The two-year fixed-rate deal is available for borrowers with a hefty 40% deposit and also has a £1,499 fee.
Henry Jordan, Nationwide's director of mortgages, said: "We are pleased to be able to launch a sub-1% rate for those looking to remortgage."The building society said it is also reducing rates on other selected mortgages by up to 0.20 percentage points, including some products for first-time buyers.
The changes were announced as financial information website Moneyfacts.co.uk said signs of competition are starting to show in the mortgage market generally, with homeowners potentially saving thousands of pounds if they switch from a.
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