New customers moving home: reductions of up to 0.40% across selected two, three and five-year fixed products up to 95% LTV, including:
- Five-year fixed rate at 60% LTV with no fee is now 5.39% (reduced by 0.40%)
- Three-year fixed rate at 75% LTV with a £999 fee is now 5.89% (reduced by 0.10%)
- Two-year fixed rate at 60% LTV with a £999 fee is now 5.94% (reduced by 0.20%)
First-time buyers: reductions of up to 0.35% across selected two, three and five-year fixed products up to 95% LTV, including:
- Five-year fixed rate at 60% LTV with no fee is now 5.44% (reduced by 0.35%)
- Two-year fixed rate at 75% LTV with a £999 fee is now 6.04% (reduced by 0.25%)
- Three-year fixed rate at 60% LTV with a £999 fee is now 5.94% (reduced by 0.19%)
Remortgage: reductions of up to 0.15% across selected two, three and five-year fixed products up to 90% LTV, including:
- Five-year fixed rate at 60% LTV with a £999 fee is now 5.49% (reduced by 0.15%)
- Two-year fixed rate at 75% LTV with no fee is now 6.39% (reduced by 0.15%)
- Three-year fixed rate at 90% LTV with no fee is now 6.30% (reduced by 0.04%)
Nationwide is also reducing selected two, three and five-year fixed rates for existing customers moving home by up to 0.40%. While switcher and additional borrowing rates will reduce by up to 0.10%.
Full details of all rates included in these latest changes can be found here.
Henry Jordan, Director of Home at Nationwide Building Society, said: “As economic conditions continue to stabilise, we are able to make further cuts to our mortgage rates, building on the reductions we have made in recent weeks.”
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