The new rates include:
New customers moving home: reductions of up to 0.26% across two, three and five-year fixed rate products up to 95% LTV, including:
- Five-year fixed rate at 60% LTV with a £999 fee is 4.29% (reduced by 0.14%)
- Two-year fixed rate at 60% LTV with a £999 fee is 4.65% (reduced by 0.14%)
- Three-year fixed rate at 90% LTV with a £999 fee is 5.29% (reduced by 0.26%)
First-time buyers: reductions of up to 0.28% across two, three and five-year fixed products up to 95% LTV, including:
- Five-year fixed rate at 60% LTV with a £999 fee is 4.34% (reduced by 0.15%)
- Two-year fixed rate at 75% LTV with a £999 fee is 4.85% (reduced by 0.28%)
- Three-year fixed rate at 90% LTV with a £999 fee is 5.31% (reduced by 0.19%)
Remortgage: reductions of up to 0.31% across two, three and five-year fixed rate products up to 90% LTV, including:
- Five-year fixed rate at 60% LTV with a £999 fee is now 4.68% (reduced by 0.06%)
- Three-year fixed rate at 75% LTV with a £999 fee is now 4.89% (reduced by 0.31%)
- Two-year fixed rate at 80% LTV with no fee is now 5.48% (reduced by 0.08%)
Nationwide is also reducing selected two, three and five-year switcher rates at 95% by up to 0.19%. These latest changes also continue Nationwide’s existing mortgage member pricing pledge, meaning the switcher product rates will be the same or lower than the remortgage equivalents.
Nationwide is reducing rates and for existing customers moving home by up to 0.24%.
Full details of all rates included in these latest changes can be found here.
Henry Jordan, Director of Home at Nationwide Building Society, said: “These latest changes mark our eleventh reduction in four months with rates now starting from 4.29%. In a continually moving market, we always aim to remain competitive across the board for first-time buyers, home movers and those looking to remortgage.”
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