Nationwide will also be reducing selected deals for switchers as part of the Society’s Loyalty Rate Mortgage initiative.
As part of a broad range of reductions for those looking for payment security, 2 year fixed rate deals with a £999 fee now start at 1.49%, while 5 year fixed rate deals with a £999 fee start at 2.24% - the Society's lowest ever rates.
For those looking for longer term security the 10 year fixed rate product with a £999 fee starts at 3.14%. All these rates are for the 60% LTV products and come with a £999 product fee, reduced to £499 for first time buyers.
Existing mortgage customers benefit from at least an additional 0.10% discount on all new customer rates. Remortgage customers benefit from free standard valuation and the choice between free standard legal work or £250 cashback.
The Flexclusive 4 year fixed rate deal, available exclusively to Nationwide main current account holders, starts at 2.04% for the 60% LTV deal with a £999 fee.
In addition, one of the 3 year Flexclusive tracker deals has also been reduced, with the 60% LTV rate with a £0 fee reduced by 0.20% to 1.69%.
Nationwide also continues to offer its Loyalty Rate Mortgages initiative, which compares the Society’s mortgage rates for existing customers with those of its top six high street competitors and guarantees to offer the lowest comparative rate for those looking for a new deal.
Henry Jordan, Nationwide’s Head of Mortgages, said:
“This new range of fixed rates ensures Nationwide remains competitive and is designed to appeal to those looking for certainty of mortgage payments while interest rates remain at historic lows.”
