The new rates include:
- First-time buyers: reductions of up to 0.15% across selected two and five-year fixed rate products up to 95% LTV. This includes:
- Two-year fixed rate at 60% LTV reduced by 0.05% to 0.99%, with a £1,499 fee.
- Two-year fixed rate at 90% LTV reduced by 0.15% to 2.89%, with a £999 fee.
- Five-year fixed rate at 75% LTV reduced by 0.05% to 1.44%, with a £1,499 fee.
- Five-year fixed rate at 95% LTV reduced by 0.10% to 3.79%, with a £999 fee.
- New customers moving home: reductions of up to 0.15% across selected two and five-year fixed rate products up to 95% LTV. This includes:
- Two-year fixed rate at 60% LTV reduced by 0.05% to 0.99%, with a £1,499 fee.
- Two-year fixed rate at 90% LTV reduced by 0.10% to 2.84%, with a £999 fee.
- Five-year fixed rate at 85% LTV reduced by 0.15% to 2.79%, with a £0 fee.
- Five-year fixed rate at 95% LTV reduced by 0.10% to 3.79%, with a £999 fee.
- Remortgage: reductions of up to 0.16% across selected two and five-year fixed rate products up to 85% LTV. This includes:
- Two-year fixed rate at 60% LTV reduced by 0.16% to 1.28% with a £0 fee.
- Two-year fixed rate at 75% LTV reduced by 0.05% to 1.29% with a £999 fee
- Five-year fixed rate at 60% LTV reduced by 0.05% to 1.14% with a £1,499 fee.
For the Society’s existing members moving home, Nationwide is reducing rates by up to 0.11% on selected two and five-year products up to 95% LTV.
Nationwide is also reducing selected further advance, family deposit mortgage and switcher rates by up to 0.11%.
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: “The mortgage market remains highly competitive, which is why we are reducing our rates again to ensure that we can continue to remain one of the best lenders in the market for rate as well as service. Whether someone is buying a new home or remortgaging their existing property we have a range of competitive mortgages on offer, including sub-1% rates.”
