New customers moving home: reductions of up to 0.15% across selected two, three and five-year fixed products at 90% and 95% LTV, including:
- Five-year fixed rate at 90% LTV with a £999 fee is now 4.44% (reduced by 0.05%)
- Three-year fixed rate at 90% LTV with a £999 fee is now 4.69% (reduced by 0.10%)
- Two-year fixed rate at 95% LTV with a £999 fee is now 5.29% (reduced by 0.15%)
First-time buyers: reductions of up to 0.20% across selected two, three and five-year fixed products at 90% and 95% LTV, including:
- Five-year fixed rate at 90% LTV with a £999 fee is now 4.44% (reduced by 0.10%)
- Two-year fixed rate at 90% LTV with a £999 fee is now 4.89% (reduced by 0.05%)
- Three-year fixed rate at 95% LTV with a £999 fee is now 5.24% (reduced by 0.20%)
Switcher: reductions of up to 0.30% across selected two, three and five-year fixed products, including:
- Five-year fixed rate at 60% LTV with a £999 fee is now 3.89% (reduced by 0.05%)
- Two-year fixed rate at 75% LTV with a £999 fee is now 4.24% (reduced by 0.10%)
- Ten-year fixed rate at 60% LTV with no fee is now 4.29% (reduced by 0.30%)
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.
For the Society’s existing members moving home, Nationwide is also reducing rates by up to 0.20% on two, three and five-year fixed products at 90% and 95% LTV.
For those looking to borrow more, Nationwide is also reducing selected two, three, five and ten-year fixed rates on its additional borrowing range by up to 0.30%, while the rate on Green Additional Borrowing is also being reduced by 0.05% with the rate now 3.89%.
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 are making reductions on our higher loan to value products to support those with a small deposit who are looking to buy their first home or move to a new property. We have also made further reductions to our switcher products where existing members benefit from our pricing pledge that those switching to a new deal will continue to benefit from a rate which is the same or better than the equivalent remortgage product.”
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