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, selected switcher rates will be reduced by up to 0.45%.
The Loyalty Rate Mortgages changes are as follows:
Two year fixed rates at 70 % LTV reduced to 1.89%, 75 % LTV reduced to 1.89% and 80 % LTV reduced to 2.29%.
Five year fixed rates at 70 % LTV reduced to 2.94%, 75 % LTV reduced to 3.04% and 80 % LTV reduced to 3.44%.
Two year tracker rates at 60 % LTV reduced to 1.44%, 70 % LTV reduced to 1.44%, 75 % LTV reduced to 1.44% and 80 % LTV reduced to 1.94%.
Existing mortgage customers already benefit from an additional 0.10% discount on new customer rates.
