More Rate Cuts Made at Nationwide, Virgin Money and Clydesdale Bank – Round-Up

Nationwide, Virgin Money and Clydesdale Bank have all cut their mortgage rates.

Nationwide has cut rates on its two-year fixed-rate mortgages by up to 0.20%. The new rates start from 3.99% for loans up to 75% of the property value, and 4.49% for loans up to 90% of the property value.

Virgin Money has cut rates on its two-year fixed-rate mortgages by up to 0.15%. The new rates start from 3.99% for loans up to 60% of the property value, and 4.49% for loans up to 90% of the property value.

Clydesdale Bank has cut rates on its two-year fixed-rate mortgages by up to 0.20%.

The new rates start from 3.99% for loans up to 75% of the property value, and 4.49% for loans up to 90% of the property value.

These rate cuts come as the Bank of England has kept interest rates on hold at 0.75%.

The latest data from the Bank of England shows that the average two-year fixed-rate mortgage rate has fallen to 3.98%. This is the lowest level since December 2016.

The fall in mortgage rates is good news for borrowers, as it means they can save money on their monthly mortgage payments.

However, it is important to remember that mortgage rates can change at any time, so it is important to shop around for the best deal.