03 Nov 2026

Nationwide cuts fixed mortgage rates for first-time buyers, home movers and people remortgaging

  • Reductions of up to 0.15 percentage points for new and existing customers across first-time buyer, home mover and remortgage fixed rate ranges
  • Nationwide’s lowest fixed rate now 4.89% for new and existing customers looking to move home

Nationwide is cutting rates across its fixed mortgage range, supporting first-time buyers, home movers and people remortgaging. The new rates will be effective from tomorrow, Wednesday 4 November.

These changes will see rates reduced by up to 0.15 percentage points across two, three and five-year fixed rate products. This means Nationwide’s lowest rate1 now stands at 4.89%.

The new rates include:

First-time buyers: reductions of up to 0.15% across two, three and five-year fixed rate products up to 95% LTV, including:

  • Two-year fixed rate at 85% LTV with no fee is 5.48% (reduced by 0.10%)
  • Two-year fixed rate at 60% LTV with a £999 fee is 5.06% (reduced by 0.15%)

First-time buyers also receive £500 cashback when they complete their mortgage with Nationwide. First-time buyers and those moving home can also benefit from cashback of up to £500 if they purchase an energy-efficient property through Nationwide’s Green Reward.2

Existing and new customers moving home: reductions of up to 0.13% across two, three and five-year fixed rate products up to 95% LTV, including:

  • Five-year fixed rate at 60% LTV with a £1,499 fee1 is 4.89% (reduced by 0.12%)
  • Two-year fixed rate at 90% LTV with a £999 fee is 5.25% (reduced by 0.11%)
  • Five-year fixed rate at 75% LTV with no fee is 5.16% (reduced by 0.13%)

The latest changes again demonstrate how Nationwide continues to offer existing customers who are moving home the same or lower rate than the equivalent rates available for new customers.

Remortgage: reductions of up to 0.12% across two, three and five-year fixed rate products up to 75% LTV, including:

  • Two-year fixed rate at 60% LTV with a £999 fee is 4.99% (reduced by 0.10%)
  • Three-year fixed rate at 60% LTV with no fee is 5.34% (reduced by 0.12%) 

These latest changes continue Nationwide’s existing mortgage customer pricing pledge, meaning that all switcher product rates for existing customers looking for a new deal will be the same as or lower than the remortgage equivalents.

Rates on a small number of two-year tracker mortgages at 80% LTV and above will increase by up to 0.10%.

Carlo Pileggi, Nationwide’s Head of Mortgage Products, said: “Current market conditions are giving us the opportunity to reduce fixed mortgage rates across our range. We’re making cuts across the range to support all types of borrowers, whether they’re buying their first home, moving home or looking to remortgage.”

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Notes to editors

1 Nationwide’s 4.89% rate is available to new and existing customers looking to move home and taking out a two-year fixed rate product at 60% Loan-to-Value (LTV) with a £1,499 fee.

2 Green Reward:

The Green Reward is aimed at encouraging people to consider buying greener homes, with more cashback available to those purchasing the most energy-efficient properties. Those purchasing a home with an SAP rating of 92 or above (EPC-A rated) will benefit from £500, while those buying somewhere rated at SAP 86 to 91 (high EPC-B rating) will receive £250. For first-time buyers, the Green Reward would be in addition to the £500 cashback that they receive for completing their mortgage with Nationwide.

3 Minimum loan size on £1,499 fee products is £300,000.

Details of the rates across Nationwide’s mortgage range can be found here: Rate changes