First-time buyers: reductions of up to 0.60% across two, three and five-year fixed rate products up to 90% Loan-to-Value (LTV), including:
- Five-year fixed rate at 60% LTV with a £999 fee is now 4.44% (reduced by 0.40%)
- Five-year fixed rate at 85% LTV with no fee is now 4.84% (reduced by 0.60%)
- Two-year fixed rate at 60% LTV with a £999 fee is now 4.89% (reduced by 0.35%)
- Two-year fixed rate at 85% LTV with a £999 fee is now 5.09% (reduced by 0.55%)
Remortgage: reductions of up to 0.55% across two, three and five-year fixed rate products up to 90% LTV, including:
- Five-year fixed rate at 90% LTV with a £999 fee is now 4.89% (reduced by 0.55%)
- Five-year fixed rate at 60% LTV with a £999 fee is now 4.43% (reduced by 0.36%)
- Three-year fixed rate at 80% LTV with a £999 fee is now 4.99% (reduced by 0.55%)
New customers moving home: reductions of up to 0.60% across two, three and five-year fixed rate products up to 90% LTV, including:
- Five-year fixed rate at 60% LTV with a £999 fee is now 4.44% (reduced by 0.40%)
- Five-year fixed rate at 85% LTV with no fee is now 4.79% (reduced by 0.60%)
- Two-year fixed rate at 80% LTV with a £999 fee is now 4.99% (reduced by 0.55%)
For the Society’s existing members moving home, Nationwide is also reducing rates by up to 0.60% on two, three and five-year fixed rate products up to 90% LTV. Shared equity rates up to 80% LTV are also being reduced by up to 0.60%.
Nationwide is also reducing rates on selected switcher products by up to 0.06%. This continues the Society’s existing mortgage member pricing pledge meaning Nationwide’s switcher products will be the same or lower than remortgage equivalents.
For those looking to borrow more, Nationwide is also reducing selected two, three and five-year fixed rates on its additional borrowing range by up to 0.06%, while the rate on Green Additional Borrowing is also being reduced by 0.10% with the rate now 4.39%.
Full details of all rates included in these latest changes can be found here.
Henry Jordan, Director of Mortgages at Nationwide Building Society, said: “We’re making these latest rate reductions to ensure the Society remains front of mind for all borrowers, especially those where rate is a key consideration. So, whether it’s a first-time buyer, someone purchasing their next home or those looking to remortgage once their current deal comes to end, Nationwide’s mortgage range has competitive rates across all loan-to-values. We are also maintaining our existing mortgage member pricing pledge meaning our switcher products will be the same or lower than remortgage equivalents.
“These latest changes, coupled with our existing schemes such as Helping Hand and Deposit Unlock, show our support for the housing market and all types of borrowers remains as a strong as ever and what people come to expect from the world’s largest building society.”
-ends-
