The new rates include:
- New customers moving home: reductions of up to 0.35% across selected fixed and tracker rate products up to 95% LTV. This includes:
- Two-year tracker rate at 60% LTV reduced by 0.25% to 1.39%, with a £999 fee.
- Two-year fixed rate at 75% LTV reduced by 0.05% to 1.14%, with a £1,499 fee.
- Five-year fixed rate at 85% LTV reduced by 0.10% to 2.49%, with a £1,499 fee.
- Ten-year fixed rate at 60% LTV reduced by 0.35% to 1.99%, with a £999 fee.
- First-time buyers: reductions of up to 0.35% across selected fixed and tracker rate products up to 95% LTV. This includes:
- Two-year tracker rate at 60% LTV reduced by 0.25% to 1.39%, with a £999 fee.
- Two-year fixed rate at 95% LTV reduced by 0.15% to 3.64%, with no fee.
- Five-year fixed rate at 85% LTV reduced by 0.10% to 2.54%, with a £1,499 fee.
- Ten-year fixed rate at 60% LTV reduced by 0.35% to 1.99%, with a £999 fee.
- Remortgage: reductions of up to 0.15% across selected two and five-year fixed rate products up to 85% LTV. This includes:
- Two-year fixed rate at 75% LTV reduced by 0.10% to 1.19% with a £999 fee.
- Two-year fixed rate at 80% LTV reduced by 0.15% to 1.79% with a £999 fee
- Five-year fixed rate at 85% LTV reduced by 0.05% to 2.59% with a £999 fee.
- Ten-year fixed rate at 60% LTV reduced by 0.15% to 1.99%, with a £999 fee.
For the Society’s existing members moving home, Nationwide is reducing rates by up to 0.15% on selected fixed and tracker products up to 95% LTV.
Nationwide is also reducing selected further advance, family deposit mortgage and switcher rates by up to 0.15%.
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: “As one of the largest lenders in the UK we always keep our rates under review to ensure we can maintain our competitive position in the market. Whether someone is buying a new home or remortgaging their existing property we have a range of mortgages on offer to suit their needs.”
