Nationwide further reduces mortgage rates for new and existing borrowers

by | Jan 20, 2023

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Nationwide Building Society is reducing rates across its mortgage range by up to 0.20 percentage points, effective from Friday 20 January.
First-time buyers: reductions of up to 0.15% across two, three and five-year fixed rate products up to 90% Loan-to-Value (LTV) and two year trackers up to 85% LTV, including:

Five-year fixed rate at 60% LTV with a £999 fee is now 4.39% (reduced by 0.05%)

Five-year fixed rate at 85% LTV with no fee is now 4.69% (reduced by 0.15%)

Two-year fixed rate at 60% LTV with a £999 fee is now 4.79% (reduced by 0.10%)

Two-year fixed rate at 85% LTV with a £999 fee is now 5.04% (reduced by 0.05%)

Two-year tracker rate at 60% LTV with £999 fee is now 3.94% (reduced by 0.10%)

Remortgage: reductions of up to 0.20% across two, three and five-year fixed rate products and two-year trackers up to 90% LTV, including:Five-year fixed rate at 90% LTV with a £999 fee is now 4.79% (reduced by 0.10%)

Five-year fixed rate at 60% LTV with a £999 fee is now 4.34% (reduced by 0.09%)

Three-year fixed rate at 80% LTV with a £999 fee is now 4.94% (reduced by 0.05%)

Two-year tracker rate at 60% LTV with £999 fee is now 3.84% (reduced by 0.20%)

New customers moving home: reductions of up to 0.20% across two, three and five-year fixed rate products up to 90% LTV and two year trackers up to 85% LTV, including:

Five-year fixed rate at 60% LTV with a £999 fee is now 4.34% (reduced by 0.10%)

Five-year fixed rate at 85% LTV with no fee is now 4.69% (reduced by 0.10%)

Two-year fixed rate at 80% LTV with a £999 fee is now 4.89% (reduced by 0.10%)

Two-year tracker rate at 60% LTV with £999 fee is now 3.79% (reduced by 0.20%)

For the Society’s existing members moving home, Nationwide is reducing rates by up to 0.20% on two, three and five-year fixed rate products plus two-year trackers up to 90% LTV. Shared equity rates up to 80% LTV are also being reduced by up to 0.20%.Nationwide is also reducing rates on selected switcher products by up to 0.20%.

This continues the Society’s existing mortgage member pricing pledge, meaning Nationwide’s switcher product rates will be the same or lower than remortgage equivalents.

For those looking to borrow more, Nationwide is also reducing selected two, three and five-year fixed rates and two-year trackers on its additional borrowing range by up to 0.20%, while the rate on Green Additional Borrowing is also being reduced by 0.05% to 4.34%.Full details of all rates included in these latest changes can be found here

Henry Jordan, Director of Mortgages at Nationwide Building Society, said: “These latest rate reductions showcase to borrowers that we want to continue offering some of the most competitive mortgage products on the market, as we look to support as many people as possible whether they are buying a new home or remortgaging their existing home. For those looking at their current property, we’ve also made a number of rate reductions on our Additional Borrowing, including our Green Additional Borrowing for those who want to improve the energy efficiency of their home.”

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