First-time buyers: reductions of up to 0.75% across two, three, five and ten-year fixed rate products up to 95% Loan-to-Value (LTV) including:
- Two-year fixed rate at 60% LTV with a £999 fee is now 4.74% (reduced by 0.05%)
- Three-year fixed rate at 60% LTV with a £999 fee is now 4.74% (reduced by 0.05%)
- Five-year fixed rate at 95% LTV with a £999 fee is now 5.59% (reduced by 0.30%)
- Ten-year fixed rate at 75% LTV with a £999 fee is now 4.34% (reduced by 0.75%)
Remortgage: reductions of up to 0.75% across two, three, five and ten-year fixed rate products up to 90% LTV, including:
- Two-year fixed rate at 60% LTV with a £999 fee is now 4.59% (reduced by 0.10%)
- Three-year fixed rate at 75% LTV with a £999 fee is now 4.64% (reduced by 0.10%)
- Five-year fixed rate at 85% LTV with a £999 fee is now 4.49% (reduced by 0.15%)
- Ten-year fixed rate at 75% LTV with a £999 fee is now 4.34% (reduced by 0.75%)
New customers moving home: reductions of up to 0.75% across two, three, five and ten-year fixed rate products up to 95% LTV, including:
- Two-year fixed rate at 60% LTV with a £999 fee is now 4.59% (reduced by 0.10%)
- Three-year fixed rate at 75% LTV with a £999 fee is now 4.69% (reduced by 0.10%)
- Five-year fixed rate at 95% LTV with a £999 fee is now 5.44% (reduced by 0.45%)
- Ten-year fixed rate at 75% LTV with a £999 fee is now 4.34% (reduced by 0.75%)
For the Society’s existing members moving home, Nationwide is reducing fixed rates by up to 0.75% on two, three, five and ten-year fixed rate products up to 95% LTV. Fixed rate shared equity rates up to 80% LTV are also being reduced by up to 0.05%.
Nationwide is also reducing rates on selected fixed rate switcher products by up to 0.30%. This continues the Society’s existing mortgage member pricing pledge, meaning Nationwide’s switcher product rates will be the same or lower than remortgage equivalents.
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 0.20%, while the rate on Green Additional Borrowing is also being reduced by 0.16% to 4.18%.
Following the recent increase in Bank Rate, two-year tracker rates will also increase by up to 0.50%.
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 have made a number of rate reductions on our fixed rates since the start of the year and these cuts will make sure our entire range remains competitive for all types of borrowers. We also continue to ensure that we are maintaining our existing mortgage member pricing pledge where our switcher rates are the same or lower than remortgage equivalents.”
