The new rates include:
Fixed Rates
- Rates for the two-year fixed products available up to 80% LTV are reducing by up to 0.20% to 1.54% with £999 fee. Available for remortgages.
- Rates for the three-year and five-year fixed available up to 80% LTV are reducing by 0.35% to 1.79% with a £999 fee. Available for remortgages.
- Rates for the three-year and five-year fixed available up to 85% LTV are reducing by 0.30% to 1.94% with a £999 fee. Available for remortgages.
Trackers
- A new two-year tracker for remortgages with a rate of 1.29% will be available up to 60% LTV with a £1,499 fee (loans above £300,000).
- Rates for the two-year tracker available up to 90% LTV are increasing by 0.10% to 1.99%, with a £999 fee. Available for first-time buyers and house purchase.
Henry Jordan, Nationwide’s Director of Mortgages, said: “The mortgage market remains really competitive and many borrowers continue to like the security of fixing their mortgage repayments, especially in time of economic uncertainty. These reductions demonstrate our commitment to offering competitive rates across the range of LTVs supporting borrowers no matter how much deposit they have.”.
Nationwide offers a range of additional benefits for first time buyers, home movers and those remortgaging to the Society. All standard mortgage valuations are fee-free, while first time buyers receive a £500 cashback to help with costs and those remortgaging to the Society can choose between £500 cashback or free standard legals.
