The new rates include:
- Remortgage: reductions of between 0.10% and 0.20% on two, three and five-year fixed products at 60% and 75% LTV:
- Five-year fixed rate at 60% LTV reduced by 0.14% to 4.79% with a £999 fee.
- Two-year fixed rate at 60% LTV reduced by 0.15% to 5.24% with a £999 fee.
- New customers moving home: reductions of between 0.10% and 0.25% on two, three and five-year fixed products at 60% and 75% LTV:
- Five-year fixed rate at 60% LTV reduced by 0.15% to 4.84% with a £999 fee.
- Two-year fixed rate at 75% LTV reduced by 0.10% to 5.29% with a £999 fee.
- First-time buyers: reductions of between 0.15% and 0.30% on two, three and five-year fixed products at 60% and 75% LTV:
- Five-year fixed rate at 60% LTV reduced by 0.20% to 4.84% with a £999 fee.
- Two-year fixed rate at 75% LTV reduced by 0.15% to 5.29% with a £999 fee.
- Five-year fixed rate at 60% LTV reduced by 0.30% to 4.99% with no fee.
In addition, Nationwide will be aligning its five-year fixed rates at 95% LTV for both first-time buyers and home movers to the rates on Society’s current two-year fixed rate products at 95% LTV. The rate changes mean five-year fixed rates at 95% LTV start from 5.89%.
Nationwide’s first-time buyer mortgages also come with £500 cashback, while those looking to remortgage to the Society can choose between £500 cashback or free standard legal fees.
Full details of all rates included in these latest changes can be found here.
Henry Jordan, Director of Mortgages at Nationwide Building Society, said: “These latest rate changes ensure our fixed rate products remain among the most competitive in the market for all types of borrowers, with rates starting at 4.79% for people joining the Society and 4.64% for existing Nationwide borrowers.”
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