Remortgage: reductions of up to 0.45% across two, three and five-year fixed and two-year tracker rate products up to 90% Loan-to-Value (LTV), including:
- Two-year fixed rate at 60% LTV with no fee is now 4.49% (reduced by 0.45%)
- Five-year fixed rate at 60% LTV with a £999 fee is now 3.94% (reduced by 0.25%)
- Five-year fixed rate at 75% LTV with a £999 fee is now 3.99% (reduced by 0.35%)
- Two-year fixed rate at 80% LTV with a £999 fee is now 4.59% (reduced by 0.25%)
Nationwide is also reducing rates on selected switcher products by up to 0.25% with rates starting from 3.94%. This continues the Society’s existing mortgage member pricing pledge, meaning Nationwide’s switcher products will be the same or lower than remortgage equivalents.
First-time buyers: reductions of up to 0.35% across selected two, three and five-year fixed and two-year tracker products up to 95% LTV, including:
- Three-year fixed rate at 60% LTV with a £999 fee is now 4.34% (reduced by 0.35%)
- Three-year fixed rate at 90% LTV with a £999 fee is now 4.89% (reduced by 0.30%)
- Five-year fixed rate at 60% LTV with a £999 fee is now 4.04% (reduced by 0.20%)
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.
New customers moving home: reductions of up to 0.35% across selected two, three and five-year fixed and two-year tracker rate products up to 90% LTV, including:
- Five-year fixed rate at 75% LTV with no fee is now 4.14% (reduced by 0.35%)
- Three-year fixed rate at 90% LTV with a £999 fee is now 4.79% (reduced by 0.30%)
- Two-year fixed rate at 75% LTV with a £999 fee is now 4.44% (reduced by 0.25%)
For the Society’s existing members moving home, Nationwide is also reducing rates by up to 0.35% on two, three and five-year fixed and two-year tracker rate products up to 90% LTV. Shared equity rates up to 80% LTV are also being reduced by up to 0.30%.
For those looking to borrow more, Nationwide is also reducing selected two, three and five-year fixed and two-year tracker rates on its additional borrowing range by up to 0.25%, while the rate on Green Additional Borrowing is also being reduced by 0.10% with the rate now 3.94%.
Full details of all rates included in these latest changes can be found here.
Henry Jordan, Director of Home at Nationwide Building Society, said: “We regularly review our mortgage rates and these latest cuts are being made across both our fixed and tracker products, meaning all types of borrowers could benefit, whether they are buying their first home, moving to their next or looking to remortgage.”
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