These reductions mean Nationwide is now offering its lowest ever fixed rate mortgages.
Key highlights include:
New 2.24% two-year fixed rate up to 60% LTV with £900 fee (2.14% for existing borrowers)
- First time buyers pay a reduced fee of £400
- Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback
- Two-year tracker up to 60% LTV with £900 fee available at same rates
- A non-refundable booking fee of £99 is payable on reservation
New 2.49% three-year fixed rate up to 60% LTV with £900 fee (2.39% for existing borrowers)
- First time buyers pay a reduced fee of £400
- Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback
- Three-year tracker up to 60% LTV with £900 fee available at same rates
- A non-refundable booking fee of £99 is payable on reservation
New 2.89% five-year fixed rate up to 60% LTV with £900 fee (2.79% for existing borrowers)
- First time buyers pay a reduced fee of £400
- Remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback
- A non-refundable booking fee of £99 is payable on reservation
New 2.49% Flexclusive four-year fixed rate up to 60% LTV with £900 fee (2.39% for existing borrowers)
- First time buyers pay a reduced fee of £400
- All house purchase and remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or £250 cashback
- A non-refundable booking fee of £99 is payable on reservation
- Mortgage available to main FlexAccount, FlexDirect or FlexPlus current account customers
Tracie Pearce, Nationwide's head of mortgages, said:
"I'm pleased to announce that we have reduced rates on all fixed rates and tracker rates for those customers with at least a 30 per cent deposit.
"These latest reductions mean Nationwide is now offering the lowest fixed rate mortgages in the Society's history.
"The cuts of up to 0.10 percentage points could benefit those buying a house or remortgaging. In particular, our three year fixed rate mortgages available to 60 per cent LTV at 2.49 per cent are now among the lowest rates in the market."
