Nationwide is cutting rates by up to 26 basis points across its two, three, five and ten-year fixed rate products, with the lowest - which will be available to new and existing home movers - starting at 3.78%.
The new deals announced by Nationwide include:
New customers moving home - reductions of up to 0.26% across two, three, five and ten-year fixed rate products up to 95% LTV, including:
Five-year fixed rate at 60% LTV with a £1,499 fee is 3.78% (reduced by 0.05%)
Five-year fixed rate at 60% LTV with a £999 fee is 3.83% (reduced by 0.05%)
Five-year fixed rate at 75% LTV with no fee is 4.09% (reduced by 0.26%)
Two-year fixed rate at 60% LTV with a £999 fee is 4.15% (reduced by 0.20%)
Existing customers moving home - reductions of up to 0.26% across two, three, five and ten-year fixed rate products up to 95% LTV, including:
Five-year fixed rate at 60% LTV with a £1,499 fee is 3.78% (reduced by 0.05%)
Five-year fixed rate at 60% LTV with a £999 fee is 3.83% (reduced by 0.05%)
Five-year fixed rate at 75% LTV with no fee is 4.09% (reduced by 0.26%)
Two-year fixed rate at 60% LTV with a £999 fee is 4.15% (reduced by 0.20%)
First-time buyers - reductions of up to 0.25% across two, three, five and ten-year fixed rate products up to 95% LTV, including:
Five-year fixed rate at 60% LTV with a £1,499 fee is 3.99% (reduced by 0.15%)
Five-year fixed rate at 90% LTV with a £999 fee is 4.64% (reduced by 0.16%)
Two-year fixed rate at 60% LTV with no fee is 4.74% (reduced by 0.25%)
Remortgage - reductions of up to 0.25% across two, three, five and ten-year fixed rate products up to 90% LTV, including:
Five-year fixed rate at 60% LTV with a £999 fee is 3.99% (reduced by 0.21%)
Five-year fixed rate at 85% LTV with a £999 fee is 4.64% (reduced by 0.20%)
Three-year fixed rate at 75% LTV with no fee is 4.65% (reduced by 0.25%)
Switcher - Nationwide is also reducing selected two, three and five-year switcher rates up to 95% LTV by up to 0.25% with rates starting from 3.94%.
Its additional borrowing rates are being cut by up to 20bps on two-, three- and five-year fixes up to 90% LTV, with rates starting from 3.94%
Henry Jordan, Nationwide’s Director of Home, said: “We’re making cuts across the majority of our fixed rate mortgage range to support all buyer types across the housing market.”
