Nationwide is cutting rates by up to 0.25% on two, three, five and 10-year fixed rate products across its mortgage range.
Available from tomorrow, Nationwide’s lowest rate now stands at 3.64% 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 rates in the home mover range will see reductions of up to 0.24%, with a three-year fixed rate at 60% LTV down by 24bps to 3.75% and a five-year fix available from 3.89%, both with a £999 fee. Nationwide is also offering a sub-4% two-year fixed rate at 85% LTV, down to 3.99% with a £999 fee.
Remortgage rates have also seen reductions of up to 0.25%, with the lowest rate at 3.79% for a two-year fix at 60% LTV with a £1,499 fee and a five-year fix at 60% LTV down to 3.89% with a £999 fee.
Switcher rates are down by up to 0.25% with a 60% LTV two-year fix available at 3.79% and a five-year fix down to 3.84%, both with a £999 fee.
A two-year fix at 90% LTV has reduced by 25bps to 4.79% with no fee.
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.
First-time buyers will benefit from reductions of up to 0.17%. Two-year fixed rates now start from 3.89% at 60% LTV with a £1,499 fee, with a 75% LTV two-year fix down to 3.99% with a £999 fee and an 85% LTV rate reducing to 4.34% fee-free.
Carlo Pileggi, Nationwide’s head of mortgage products, said: “We’re making rate cuts across the majority of our fixed rate mortgage range with a number of sub-4% products and a market-leading rate for home movers. These changes will put Nationwide firmly on the radar for all borrower types as we aim to position the country’s largest building society as one of the most competitively priced lenders in the market."
