Rates for the 80% loan to value 2 year fixed rate product start at 1.89%, while for those with a 10% deposit product rates start at 3.24%. There are reductions on the 2 year fixed rate 85% LTV deals for new Nationwide mortgage customers of 0.25%, with rates now starting as low as 2.09%.
There are also further reductions for existing Nationwide mortgage customers who are looking to switch deal as part of the Nationwide Loyalty Rate Mortgages initiative, which compares the Society’s mortgage rates for existing customers to those of its top six high street competitors.
The Loyalty Rate Mortgages rates are as follows:
- 80% LTV 2 year fixed rate with a £0 fee reduced by 0.05% to 2.14%
- 85% LTV 2 year fixed rate with a £0 fee reduced by 0.10% to 2.29%
- 80% LTV 5 year fixed rate with a £999 fee reduced by 0.05% to 2.79%
- 80% LTV 5 year fixed rate with a £0 fee reduced by 0.10% to 2.94%
- 85% LTV 5 year fixed rate with a £0 fee reduced by 0.05% to 3.39%
Henry Jordan, Nationwide’s Head of Mortgages, said:
“These reductions aim to help customers with smaller deposits to secure a competitive mortgage deal, whether they are a first time buyer, or an existing mortgage customer looking for a new deal. The recently launched £500 cashback for first time buyers is an additional boost for those looking to take a step onto the housing ladder, as Nationwide continues to offer extra support for the important group of customers.”
