Nationwide will be cutting rates across its fixed rate mortgage range for first-time buyers and those looking to move home.
These latest changes will see rates reduced by up to 0.20 percentage points across two, three and five-year fixed rate products with Nationwide’s lowest rate now standing at 3.50%.
The new rates include:
Existing and new customers moving home: reductions of up to 0.20% across two, three and five-year fixed rate products up to 95% LTV, including:
- Two-year fixed rate at 60% LTV with a £1,499 fee is 3.50% (reduced by 0.08%)
- Three-year fixed rate at 60% LTV with a £999 fee is 3.62% (reduced by 0.13%)
- Three-year fixed rate at 90% LTV with no fee is 4.43% (reduced by up to 0.20%)
- Two-year fixed rate at 85% LTV with no fee is 3.90% (reduced by 0.11%)
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.
First-time buyers: reductions of up to 0.17% across two, three and five-year fixed rate products up to 95% LTV, including:
- Two-year fixed rate at 85% LTV with a £999 fee is 3.75% (reduced by 0.17%)
- Two-year fixed rate at 60% LTV with a £1,499 fee is 3.67% (reduced by 0.16%)
- Five-year fixed rate at 90% LTV with a £999 fee is 4.22% (reduced by 0.07%)
First-time buyers also receive £500 cashback when they complete their mortgage with Nationwide.
First-time buyers and those moving home can also benefit from cashback of up to £500 if they purchase an energy-efficient property through Nationwide’s Green Reward.
Carlo Pileggi, Nationwide’s Head of Mortgage Products, said: “Our first set of rate cuts this year will particularly support first-time buyers onto the property ladder as well as those looking to move to their next home.
