Nationwide reduces rates across fixed mortgage range

These changes will also see Nationwide as the first major high street lender to once again offer a two-year fixed rate at sub-5% with a £999 fee¹.

The new rates include:

New customers moving home: reductions of up to 0.25% across two, three and five-year fixed rate products up to 95% LTV, including: 

• Five-year fixed rate at 60% LTV with a £999 fee is 4.64% (reduced by 0.10%)
• Two-year fixed rate at 60% LTV with a £999 fee is 4.99% (reduced by 0.25%)
• Five-year fixed rate at 85% LTV with a £999 fee is 4.94% (reduced by 0.16%)
• Three-year fixed rate at 60% LTV with a £999 fee is 4.94% (reduced by 0.05%)

First-time buyers: reductions of up to 0.31% across two, three and five-year fixed rate products up to 95% LTV, including: 

• Five-year fixed rate at 60% LTV with a £999 fee is 4.67% (reduced by 0.17%)
• Five-year fixed rate at 85% LTV with a £999 fee is 4.95% (reduced by 0.15%)
• Two-year fixed rate at 90% LTV with a £999 fee is 5.72% (reduced by 0.18%)

Remortgage: reductions of up to 0.38% across two, three and five-year fixed rate products up to 90% LTV, including: 

• Three-year fixed rate at 60% LTV with a £999 fee is now 5.08% (reduced by 0.21%)
• Three-year fixed rate at 80% LTV with no fee is now 5.72% (reduced by 0.38%)
• Five-year fixed rate at 85% LTV with a £999 fee is now 5.34% (reduced by 0.15%)

Nationwide is also reducing rates across its switcher range by up to 0.25%, with rates starting from 4.64% on five-year fixed products, 4.94% for three-year fixed products and 4.99% for two-year fixed products. 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 on additional borrowing and for existing customers moving home by up to 0.25%.

Full details of all rates included in these latest changes can be found here. 

Henry Jordan, Director of Home at Nationwide Building Society, said: “We’re making further rate cuts across our fixed rate mortgage range to ensure we continue to cement our position as one of the most competitive lenders in the market. Over the last three months, we have reduced rates eight times and, over that period, that has meant our rates have fallen by up to 1.39 percentage points as we look to maintain our support for potential and existing homeowners, as well as brokers, by offering attractively priced products.”

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