Nationwide Building Society is continuing its support for first-time buyers and home movers on Wednesday 29 September by reducing rates on selected mortgages across its range by up to 0.17 percentage points.
For those looking to purchase through shared equity, the Society will also be introducing market-leading rates by reducing rates on selected products by up to 0.35%.
The new rates include:
- First-time buyers: reductions of up to 0.10% across two and three-year fixed rate products at 75%, 80% and 95% Loan-to-Value (LTV). This includes:
- Two-year fixed rate at 80% LTV reduced by 0.10% to 1.44%, with a £999 fee.
- Two-year fixed rate at 95% LTV reduced by 0.10% to 2.89%, with a £999 fee.
- Three-year fixed rate at 95% LTV reduced by 0.10% to 2.99%, with no product fee.
- New customers moving home: reductions of up to 0.16% across two and three-year fixed rate products at 75%, 80% and 95% LTV. This includes:
- Two-year fixed rate at 75% LTV reduced by 0.16% to 1.23%, with no product fee.
- Two-year fixed rate at 95% LTV reduced by 0.08% to 2.84%, with a £999 fee.
- Three-year fixed rate at 95% LTV reduced by 0.15% to 2.89%, with no product fee.
- Remortgage: reductions of up to 0.12% across selected two and three-year fixed rate products at 75% and 80% LTV. This includes:
- Three-year fixed rate at 75% LTV reduced by 0.07% to 1.39% with no product fee.
- Two-year fixed rate at 80% LTV reduced by 0.12% to 1.47% with a £999 fee.
- Shared equity: The Society is reducing rates by up to 0.35% on selected two and five-year fixed rates between 60% and 80% LTV. Rates start from 1.09% for two-year fixed mortgages and 1.24% for the five-year fixed products.
For the Society’s existing members moving home, Nationwide is reducing rates by up to 0.17% on selected two, three and five-year fixed rate products starting from 60% LTV.
Nationwide is also reducing selected further advance, family deposit mortgage and switcher rates between 60% and 95% LTV by up to 0.17%.
Full details of all rates included in these latest changes can be found here.
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.
Henry Jordan, Nationwide’s Director of Mortgages, said: “We regularly review our mortgage rates to ensure that we remain one of the most competitive lenders around for all types of borrowers, whether they are purchasing that first home, moving into their next or looking for a better deal on their existing property.
“These latest cuts and the introduction of market-leading rates on our shared equity range show we are doing all we can to support people as they look at all the options available to get into a home of their own.”
