"This is our ninth reduction in three months and demonstrates our support for first-time buyers and existing homeowners."
- Henry Jordan, Director of Home at Nationwide
From tomorrow, Nationwide Building Society will be reducing rates by up to 0.43% across its two, three, five and ten-year fixed rate and two-year tracker product range, with Nationwide’s lowest rate now standing at 4.43%.
For new customers moving home, two-year fixed rates at 60% LTV now start from 4.79% and five-year fixes start from 4.43%, both with a £999 fee. Elsewhere in the range, a five-year fix at 85% LTV has reduced by 23bps to 4.71% with a £999 fee and a 10-year fix at 60% LTV has reduced by 32bps to 4.78% with no fee.
First-time buyer rates have reduced by up to 0.43% with the largest reduction to a three-year fix at 95% LTV, down to 6.00% with a £999 fee. At 60% LTV, a five-year fix at reduced to 4.49% and a two-year tracker has decreased to 5.54%, both with a £999 fee. A two-year fixed rate at 75% LTV has reduced to 5.13% with a £999 fee.
Remortgage rates are down by 0.29% and highlights include a three-year fix at 4.94% up to 60% LTV with a £999 fee, a two-year fix at 5.86% up to 80% LTV with no fee, and a five-year fix at 85% LTV reduced to 5.11% with a £999 fee.
Nationwide is also reducing selected two-year fixed switcher rates by up to 0.15%. These changes continue Nationwide’s existing mortgage member pricing pledge, meaning the switcher product rates will be the same or lower than the remortgage equivalents.
In addition, Nationwide is reducing rates and for existing customers moving home by up to 0.31% while additional borrowing rates are being reduced by up to 0.15%.
Henry Jordan, Director of Home at Nationwide Building Society, said: “These latest rate cuts across our mortgage range mean we continue to offer some of the most competitive rates on the market. This is our ninth reduction in three months and demonstrates our support for first-time buyers and existing homeowners.”
