Related topic: Mortgage rates

This month, the average mortgage rate saw its biggest monthly rise since July 2023, amid ongoing global political and economic unrest.

The lender has reduced two and five-year fixed rates at 95% LTV.

The changes apply to both purchase and remortgage business across the Society's ranges.

Short-term let and limited edition buy-to-let products will benefit from the reductions.

The changes include a number of new product launches as well as pricing improvements across the existing range.

The rate reductions span products for UK expats and international residents.

Nationwide’s lowest rate now 4.50% for new and existing customers looking to move home.

The lender has reduced rates by up to 0.20% and introduced new fee options.

The lender has also made a number of residential criteria enhancements targeted at borrowers with complex income streams.

The buy-to-let lender has cut five-year fixed rates and launched new product options, including two-year product transfer trackers.