Remortgage: reductions of up to 0.19% across two, three and five-year fixed and two-year tracker rate products up to 90% Loan-to-Value (LTV), including:
- Five-year fixed rate at 60% LTV with a £999 fee is now 3.99% (reduced by 0.19%)
- Five year fixed rate at 60% LTV with no fee is now 4.18% (reduced by 0.11%)
- Two-year tracker rate at 60% LTV with a £999 fee is now 4.24% (reduced by 0.05%)
Nationwide is also reducing rates on selected switcher products by up to 0.41% with rates starting from 3.94%. This continues the Society’s existing mortgage member pricing pledge meaning Nationwide’s switcher products will be the same or lower than remortgage equivalents.
First-time buyers: reductions of up to 0.70% across selected two, three and five-year fixed and two-year tracker products up to 95% LTV, including:
- Five-year fixed rate at 95% LTV with a £999 fee is now 4.99% (reduced by 0.60%)
- Five-year fixed rate at 95% LTV with no fee is now 5.09% (reduced by 0.70%)
- Five-year fixed rate at 90% LTV with a £999 fee is now 4.59% (reduced by 0.15%)
- Two-year fixed rate at 80% LTV with a £999 fee is now 4.84% (reduced by 0.15%)
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.
New customers moving home: reductions of up to 0.55% across selected two, three and five-year fixed and two-year tracker rate products up to 95% LTV, including:
- Five-year fixed rate at 95% LTV with a £999 fee is now 4.99% (reduced by 0.45%)
- Two-year fixed rate at 90% LTV with a £999 fee is now 5.09% (reduced by 0.10%)
- Five-year fixed rate at 60% LTV with a £999 fee is now 4.14% (reduced by 0.18%)
- Two-year tracker rate at 85% LTV with a £999 fee is now 4.44% (reduced by 0.20%)
For the Society’s existing members moving home, Nationwide is also reducing rates by up to 0.55% on two, three and five-year fixed and two-year tracker rate products up to 95% LTV. Shared equity rates up to 80% LTV are also being reduced by up to 0.20%.
For those looking to borrow more, Nationwide is also reducing selected two, three and five-year fixed and two-year tracker rates on its additional borrowing range by up to 0.41%, while the rate on Green Additional Borrowing is also being reduced by 0.24% with the rate now 3.94%.
Full details of all rates included in these latest changes can be found here.
Henry Jordan, Director of Home at Nationwide Building Society, said: “These latest changes mean we will have reduced rates for the fourth time this year and now have a sub-four per cent rate for those looking to remortgage1 and a sub-five per cent rate for first-time buyers2. In a continually moving market, we always aim to remain competitive across the board for first-time buyers, home movers and those looking to remortgage.
“We have also reduced rates on our switcher range to support those coming to the end of their existing deal. With switcher rates now starting at 3.94%, these latest reductions ensure we maintain our existing mortgage member pricing pledge, meaning our switcher products will be the same or lower than our equivalent remortgage rates.”
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