22 Nov 2023

Nationwide makes further reductions to its mortgage range

Effective from tomorrow, Thursday 23 November, Nationwide Building Society will be reducing rates by up to 0.43 percentage points across its two, three, five and ten-year fixed rate and two-year tracker product range, with Nationwide’s lowest rate now standing at 4.43%.

The new rates include:

New customers moving home: reductions of up to 0.32% across two, three, five and ten-year fixed rate products up to 95% LTV, including: 

  • Five-year fixed rate at 60% LTV with a £999 fee is 4.43% (reduced by 0.21%)
  • Two-year fixed rate at 60% LTV with a £999 fee is 4.79% (reduced by 0.20%)
  • Five-year fixed rate at 85% LTV with a £999 fee is 4.71% (reduced by 0.23%)
  • Ten-year fixed rate at 60% LTV with no fee is 4.78% (reduced by 0.32%)

First-time buyers: reductions of up to 0.43% across two, three, five and ten-year products  up to 95% LTV, including: 

  • Five-year fixed rate at 60% LTV with a £999 fee is 4.49% (reduced by 0.18%)
  • Two-year fixed rate at 75% LTV with a £999 fee is 5.13% (reduced by 0.18%)
  • Two-year tracker rate at 60% LTV with a £999 fee is 5.54% (reduced by 0.10%)
  • Three-year fixed rate at 95% LTV with a £999 fee is 6.00% (reduced by 0.43%)

Remortgage: reductions of up to 0.29% across two, three, five and ten-year fixed rate products up to 90% LTV, including: 

  • Three-year fixed rate at 60% LTV with a £999 fee is now 4.94% (reduced by 0.14%)
  • Two-year fixed rate at 80% LTV with no fee is now 5.86% (reduced by 0.27%)
  • Five-year fixed rate at 85% LTV with a £999 fee is now 5.11% (reduced by 0.23%)

Nationwide is also reducing selected two-year fixed switcher rates by up to 0.15%. These latest changes also continue Nationwide’s existing mortgage member pricing pledge, meaning the switcher product rates will be the same or lower than the remortgage equivalents.

Nationwide is reducing rates and for existing customers moving home by up to 0.31% while additional borrowing rates are being reduced by up to 0.15%.

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 rate cuts across our mortgage range mean we continue to offer some of the most competitive rates on the market. This is our ninth reduction in three months and demonstrates our support for first-time buyers and existing homeowners.”

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