The rate cuts will improve the competitiveness of Nationwide's remortgage range and the average cut will be 0.15%.
The remortgage product range from Nationwide will include the following:
Two-year fixed rate reduced by 0.19% available at 3.39% (up to 70% LTV)
Three-year fixed rate reduced by 0.09% available at 4.09% (up to 70% LTV)
- 896 product fee
- 99 booking fee (payable upfront and non-refundable)
- No standard valuation or standard legal fees
- New customers can borrow up to 85% LTV
Two-year fixed rate reduced by 0.19% available at 3.79% (up to 70% LTV)
Two-year fixed rate reduced by 0.19% available at 4.29% (70-75% LTV)
- No product fee
- 99 booking fee (payable upfront and non-refundable)
- No standard valuation or standard legal fees
- New customers can borrow up to 85% LTV
Andy McQueen, divisional director for mortgages and general insurance at Nationwide, said:
"We are reducing rates by up to 0.20% across our range of products which is great news for customers seeking to remortgage. For example, our two-year fixed rates are now particularly attractive, starting from 3.39% for customers wanting a mortgage of up to 70% of the property value."
