The new rates include:
First-time buyers: reductions of up to 0.25% across two, three and five-year fixed rate products up to 95% LTV, including:
- Two-year fixed rate at 75% LTV with a £999 fee is 4.49% (reduced by 0.05%)
- Three-year fixed rate at 90% LTV with a £999 fee is 5.04% (reduced by 0.10%)
- Three-year fixed rate at 95% LTV with a £999 fee is 5.44% (reduced by 0.25%)
- Five-year fixed rate at 95% LTV with a £999 fee is 5.04% (reduced by 0.10%)
New customers moving home: reductions of up to 0.23% across two, three and five-year fixed rate products at 90% and 95% LTV, including:
- Three-year fixed rate at 90% LTV with a £999 fee is 5.04% (reduced by 0.06%)
- Three-year fixed rate at 95% LTV with a £999 fee is 5.37% (reduced by 0.23%)
- Five-year fixed rate at 95% LTV with a £999 fee is 5.04% (reduced by 0.05%)
Existing customers moving home: reductions of up to 0.23% across two, three and five-year fixed rate products up to 95% LTV, including:
- Three-year fixed rate at 80% LTV with a £999 fee is 4.59% (reduced by 0.11%)
- Three-year fixed rate at 95% LTV with a £999 fee is 5.37% (reduced by 0.23%)
- Five-year fixed rate at 95% LTV with a £999 fee is 5.04% (reduced by 0.05%)
The latest changes again demonstrate how Nationwide continues to offer existing customers who are moving home the same or lower rate than the equivalent rates available for new customers.
Nationwide is also reducing selected early repayment charges (ERCs) by up to 1%1.
Full details of all rates included in these latest changes as well as the reduced ERCs can be found here.
Henry Jordan, Director of Home at Nationwide Building Society, said: “These latest reductions will ensure that we have some of the most competitive rates on the market with a particular focus on supporting first-time buyers in what remains a challenging environment.”
