First time buyers can get some of the lowest ever mortgage rates right now from Nationwide. This is extremely helpful for someone who wants a home. Lower mortgage rates mean a lower payment each month. This is good for people with lower income and could even help them pay off their home faster. In the long run that saves money because less interest is paid. There is no benefit to having a higher mortgage rate.
Key Takeaways:
- BRITAIN’S greatest building society has uncovered some of its least ever mortgage bargains for first time purchasers — increase the war between banks.
- Across the nation Building Society is cutting rates on chose two and five-year settled and two-year tracker contracts by up to 0.1 for each penny.
- For those with a 10 for each penny store, regularly first time purchasers, its 2 years settled rates have been sliced to 2.19 for every penny with a £999 charge and 2.59 for each penny with no expense
“We are making further reductions, with a number of Nationwide mortgage rates reaching historic lows”