The new rates include:
- New customers moving home: reductions of up to 0.11 %, including:
- Two-year fixed rate at 85% LTV reduced by 0.05% to 1.57%, with a £1,499 fee.
- Three-year fixed rate at 90% LTV reduced by 0.10% to 1.94%, with a £999 fee
- Two-year fixed rate at 95% LTV reduced by 0.05% to 2.89%, with a £1,499 fee.
- First-time buyers: reductions of up to 0.17%, including:
- Two-year fixed rate at 85% LTV reduced by 0.17% to 1.62%, with a £1,499 fee.
- Three-year fixed rate at 90% LTV reduced by 0.10% to 2.02%, with a £999 fee
- Two-year fixed rate at 95% LTV reduced by 0.05% to 2.94%, 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 three-year fixed products between 75% and 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: “By improving the competitiveness of our two and three-year fixed rate products, we are aiming to support those mortgage customers with smaller deposits who are looking for payment security.”
