Nationwide is cutting rates by up to 0.19% on two, three and five-year fixed rate products across its mortgage range.
Available from tomorrow, Nationwide’s lowest rate now stands at 3.60% and is available to new and existing customers looking to move home and taking out a two-year fixed rate product at 60% LTV with a £1,499 fee.
Other highlights for home movers include five-year fixed rates at 3.99% up to 75% LTV with no fee and 3.96% at 85% LTV with a £1,499 fee.
First-time buyer rates have reduced by up to 0.13%, with a two-year fix at 60% LTV now available at 3.83% with a £1,499 fee. A three-year fix at 75% LTV is down by 13bps to 4.21% and a five-year fix has reduced to 4.46% at 90% LTV, both with no fees.
Switcher rates are down by up to 19bps, with the largest reduction to a three-year fix at 75% LTV, now at 4.19% with no fee. At 60% LTV, a two-year fix is down to 3.72% with a £999 fee and a five-year fix has decreased to 4.03% with no fee.
Remortgage rates are decreasing by up to 0.14%, with the lowest rate now 3.72% for a two-year fix at 60% LTV.
The latest changes continue Nationwide’s existing mortgage customer pricing pledge, meaning that all switcher product rates will be the same or lower than the remortgage equivalents.
Carlo Pileggi, Nationwide’s head of mortgage products, said: “We’re making rate cuts across our mortgage range, which should be welcome news to all types of borrowers. So, whether it’s a first-time buyer, home mover or someone looking to remortgage or switch their existing deal, Nationwide should continue to remain front of mind through its competitively priced products.”
