Nationwide launches ‘incredible’ fixed rate home loan | Personal Finance | Finance
Britain’s third largest mortgage lender has launched a 5 year fixed rate deal at what brokers say is an “incredible” 3.78 percent.
The figure is the cheapest home loan of its type for more than two years and is expected to light a fire under the increasingly competitive mortgage market.
The move by Nationwide trumps a series of reductions launched by rivals HSBC, Barclays and TSB earlier this week.
Brokers welcomed the news and suggested further reductions are likely to follow.
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