On Thursday 18 March, Nationwide is reducing rates on selected mortgages across its range, including for first-time buyers, by up to 0.25 percentage points.
The rate reductions include:
- House Purchase: reductions of up to 0.20% on selected two and five-year fixed rates. This includes the five-year fixed rate with no fee at 75% LTV reduced by 0.20% to 1.99%.
- First-time buyers: rates reduced by up to 0.25% on selected two and five-year fixed rates. This includes the five-year fixed rate with no fee at 75% LTV reduced by 0.25% to 2.04% and the two-year fixed rate with a £999 fee at 90% being reduced by 0.05% to 3.14%.
- Remortgage: reductions of up to 0.15% across selected two-year fixed rate products. This includes the two-year fixed rate at 85% reducing by 0.15% to 2.84%.
Nationwide is also adding to its range of £1,499 fee products. Previously, they were only available at 60% LTV but, as of tomorrow, they will be available for loans of £275,000 or more across all LTVs up to 90%.
Rates on the Society’s existing customer moving home and further advance ranges will continue to be aligned to the lowest rates Nationwide offers new customers. This range will see reductions of up to 0.05%. On Nationwide’s switcher range, selected rates will be reduced by up to 0.20%, with other rates being increased by up to 0.45%.
Full details of all rates included in these latest changes can be found here.
Henry Jordan, Nationwide’s Director of Mortgages, said: “We are reducing our rates again to ensure that we continue to remain one of the best lenders in the market for rate as well as service. The changes are being made across our range meaning all types of borrowers could benefit, whether they are moving home, getting their first home or remortgaging. And, the extension of our £1,499 fee product range to all LTV tiers up to 90 per cent expands the choice available to borrowers with the Society.”
