Nationwide has made rate reductions of up to 0.25% on two-, three-, five- and 10-year fixed rate products, with prices now starting from 3.64%.
For new and existing customers moving home, Nationwide has made reductions of up to 0.24% on two-, three-, five- and 10-year fixed rate products up to 95% LTV.
These include a two-year fixed rate at 60% LTV with a £1,499 fee which has been cut by 0.16% to 3.64%, a three-year fixed rate at 60% LTV with a £999 fee, which has been lowered by 0.24% to 3.75% and a five-year fixed rate at 60% LTV with a £999 fee, which is now 3.89% down from 3.99%.
It has also cut its two-year fixed rate at 85% LTV with a £999 fee to 3.99%, down from 4.12%.
Remortgage prices have decreased by up to 0.25% across two-, three-, five- and 10-year fixed rates up to 95% LTV.
These include its two-year fixed rate at 60% LTV with a £1,499 fee, down by 0.15% to 3.79%, the two-year fixed rate at 80% LTV with a £999 fee, lowered by 0.25% to 4.19% and the five-year fixed rate at 60% LTV with a £999 fee, which is now 0.15% lower at 3.89%.
Nationwide’s switcher range also has cuts of up to 0.25% including its two-year fixed rate at 60% LTV with a £999 fee, which has been lowered by 3.79%.
It has also dropped the rate on its five-year fixed rate at 60% LTV with a £999 fee, which has been cut to 3.84%, down from 3.94% as well as its two-year fixed rate at 90% LTV with no fee, lowered by 0.25% to 4.79%.
First-time buyer products have decreased by 0.17% across two-, three-, five- and 10-year fixed rate products up to 95% LTV.
The two-year fixed rate at 60% LTV with a £1,499 fee has gone down 0.10% to 3.89%, the two-year fixed rate at 75% LTV with a £999 fee is 0.10% lower at 3.99% and the five-year fixed rate at 90% LTV with a £999 fee has been reduced 0.10% to 4.35%.
Nationwide head of mortgage products Carlo Pileggi says: “We’re making rate cuts across the majority of our fixed rate mortgage range with a number of sub-4% products and a market-leading rate for home movers.”
“These changes will put Nationwide firmly on the radar for all borrower types as we aim to position the country’s largest building society as one of the most competitively priced lenders in the market.”
