Nationwide trims rates by up to 15 bps | Mortgage Strategy

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Nationwide is trimming rates on a wide range of residential mortgage deals by up to 15 basis points tomorrow.

The lender is making reductions to its deals for existing customers moving home, its product transfer rates for borrowers switching deals and its further advance rates.

Among the changes, it’s lowest rate two-year fixed rate deal at 60% LTV has come down 5 basis points from 0.99% to 0.94% with a £999 fee

The biggest rate cuts for customers moving home are:

  • Five-year fixed rate at 90% LTV reduced by 15 basis points from 3.44% to 3.29% with no fee
  • Three-year fixed rate at 90% LTV reduced by 15 basis points from 3.44% to 3.29% with no fee
  • Two-year fixed rate at 90% LTV reduced by 13 basis points from 2.64% to 2.51% with £999 fee
  • Five-year fixed rate at 90% LTV with £999 fee reduced by 10 bps  from 3.19% to 3.09%
  • Five-year fixed rate at 85% LTV with £999 fee reduced by 10 bps  from 2.49% to 2.39%
  • Three-year fixed rate at 90% LTV with £999 fee reduced by 10 bps  from 3.19% to 3.09%
  • Three-year fixed rate at 85% LTV with £999 fee reduced by 10 bps  from 2.49% to 2.39%
  • Two-year fixed rate at 90% LTV with no fee reduced by 10 bps from 2.99% to 2.89%
  • Two-year fixed rate at 85% LTV with £999 fee reduced by 10 bps  from 2.09% to 1.99%
  • Two-year fixed rate at 75% LTV with no fee reduced by 10 bps from 1.59% to 1.49%
  • Two-year fixed rate at 75% LTV with £999 fee reduced by 10 bps  from 1.14% to 1.04%

A number of other home mover deals are being cut by up to 7 basis points.

Nationwide is also reducing rates on its further advance range by up to 10 basis points.


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