Nationwide will be cutting rates by up to 0.19 percentage points on two, three and five-year fixed rate products across its mortgage range. The new rates will be effective from tomorrow, Friday 28 November.
Nationwide’s lowest rate now stands at 3.60% and 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.1
The new rates include:
Existing and new customers moving home: reductions of up to 0.14% across two, three and five-year fixed rate products up to 95% LTV, including:
- Two-year fixed rate at 60% LTV with a £1,499 fee1 is 3.60% (reduced by 0.04%)
- Five-year fixed rate at 75% LTV with no fee is 3.99% (reduced by 0.14%)
- Five-year fixed rate at 85% LTV with a £1,499 fee1 is 3.96% (reduced by 0.11%)
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.
First-time buyers: reductions of up to 0.13% across two, three and five-year fixed rate products up to 95% LTV, including:
- Two-year fixed rate at 60% LTV with a £1,499 fee1 is 3.83% (reduced by 0.06%)
- Three-year fixed rate at 75% LTV with no fee is 4.21% (reduced by 0.13%)
- Five-year fixed rate at 90% LTV with no fee is 4.46% (reduced by 0.06%)
Switcher (for existing Nationwide customers coming to the end of their current mortgage deal): reductions of up to 0.19% across two, three and five-year fixed rate products up to 90% LTV, including:
- Two-year fixed rate at 60% LTV with a £999 fee is 3.72% (reduced by 0.07%)
- Five-year fixed rate at 60% LTV with no fee is 4.03% (reduced by 0.06%)
- Three-year fixed rate at 75% LTV with no fee is 4.19% (reduced by 0.19%)
Remortgage: reductions of up to 0.14% across two, three and five-year fixed rate products up to 95% LTV, including:
- Two-year fixed rate at 60% LTV with a £1,499 fee1 is 3.72% (reduced by 0.07%)
- Five-year fixed rate at 60% LTV with no fee is 4.04% (reduced by 0.05%)
- Three-year fixed rate at 75% LTV with no fee is 4.24% (reduced by 0.14%)
These latest changes continue Nationwide’s existing mortgage customer pricing pledge, meaning that all switcher product rates will be the same or lower than the remortgage equivalents.
Carlo Pileggi, Nationwide’s Head of Mortgage Products, said: “We’re making rate cuts across our mortgage range, which should be welcome news to all types of borrowers. So, whether it’s a first-time buyer, home mover or someone looking to remortgage or switch their existing deal, Nationwide should continue to remain front of mind through its competitively priced products.”
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