Nationwide Cuts Mortgage Rates Across Range
Nationwide is reducing mortgage rates by up to 0.25 percentage points on two, three, five, and 10-year fixed rate products. These changes will take effect starting Wednesday, 5 November.
Key Highlights of the Rate Cuts
- Lowest rate now at a market-leading 3.64%
- Available for new and existing customers moving home with a two-year fixed rate at 60% Loan-to-Value (LTV) and a £1,499 fee
- Rate reductions apply to mortgages up to 95% LTV
- Benefits include first-time buyers, home movers, remortgage customers, and those switching deals
Details for Existing and New Home Movers
Customers moving home can access reductions of up to 0.24% across fixed rate products up to 95% LTV. Nationwide ensures that existing customers moving home receive rates that are the same or lower than those available to new customers.
Remortgage and Switcher Customers
- Remortgage customers see reductions of up to 0.25% on fixed rates up to 95% LTV
- Switcher customers, those nearing the end of their current Nationwide mortgage deal, also benefit from reduced rates
Nationwide’s lowest rate now stands at a market-leading 3.64% 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.
These cuts underline Nationwide’s commitment to providing competitive mortgage options for a broad range of borrowers.
Author’s summary: Nationwide has lowered mortgage rates by up to 0.25%, offering a market-leading 3.64% two-year fixed rate to many borrowers, benefiting first-time buyers, movers, remortgagers, and switchers alike.