Nationwide Cuts Mortgage Rates Across Range
Nationwide has announced rate reductions of up to 0.25 percentage points on two, three, five, and 10-year fixed-rate mortgage products. These new rates will be effective from Wednesday, 5 November.
Key Benefits for Various Borrowers
- First-time buyers, home movers, those remortgaging, and customers switching mortgages all benefit from the cuts.
- Nationwide offers sub-4% rates available to all borrower types.
- The lowest market-leading rate is now 3.64%, applicable for new and existing customers moving home.
Details of the New Rates
The 3.64% rate applies to a two-year fixed-rate mortgage with 60% Loan-to-Value (LTV) and a £1,499 fee for customers moving home.
- Existing and new customers moving home receive reductions of up to 0.24% on two, three, five, and 10-year fixed rates up to 95% LTV.
- Remortgaging customers benefit from rate cuts of up to 0.25% across the same fixed rate terms and LTVs.
- Customers switching from existing Nationwide deals also receive reductions up to 0.25%.
"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."
These rate cuts confirm Nationwide’s commitment to competitive mortgage offerings for a broad range of customers.
Author’s summary: Nationwide has lowered mortgage rates by up to 0.25%, with a new low of 3.64%, making it more affordable for buyers, movers, and remortgagers across fixed terms and LTV levels.