Nationwide cuts rates across its mortgage range
Nationwide has announced reductions of up to 0.25 percentage points across its two, three, five, and ten-year fixed-rate mortgage products. The new rates will take effect from Wednesday, 5 November.
Lower rates for new and existing customers
The changes apply to first-time buyers, home movers, and those seeking to remortgage or switch. The lender continues its approach of offering existing customers the same or better deals compared to new clients.
Key details
- Reductions of up to 0.25% across multiple fixed-rate terms, up to 95% loan-to-value (LTV).
- Nationwide’s lowest available rate now stands at 3.64%, a market-leading offer.
- This rate is available for new and existing customers moving home with a two-year fixed product at 60% LTV and a £1,499 fee.
“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 and switcher deals
Customers looking to remortgage or those nearing the end of their current Nationwide deal will also benefit, with cuts of up to 0.25% across similar product ranges and LTV bands.
Summary
Nationwide reinforces its commitment to affordability by extending competitive sub-4% mortgage rates to a broad range of borrowers.
Author’s summary: The refreshed Nationwide mortgage rates highlight a continued effort to support both new and existing borrowers with market-leading offers.