Nationwide Building Society will be reducing selected 2-, 3- and 5-year fixed rate mortgages at 60% and 75% loan-to-value (LTV) by up to 0.30% from tomorrow, Friday the 9th of December.
Its remortgage range will see reductions of between 0.10% and 0.20% on 2-, 3- and 5-year fixed products at 60% and 75% LTV.
Additionally, the Society’s new customers moving home offers will also benefit reductions of between 0.10% and 0.25% on 2-, 3- and 5-year fixed products at 60% and 75% LTV.
Henry Jordan, director of mortgages at Nationwide Building Society, said: “These latest rate changes ensure our fixed rate products remain among the most competitive in the market for all types of borrowers, with rates starting at 4.79% for people joining the Society and 4.64% for existing Nationwide borrowers.”
Nationwide’s first-time buyer range will also be reduced somewhere between 0.15% and 0.30% on 2-, 3- and 5-year fixed products at 60% and 75% LTV.
In addition, the Society will be aligning its 5-year fixed rates at 95% LTV for both first-time buyers and home movers to the rates on its current 2-year fixed rate products at 95% LTV.
The rate changes mean 5-year fixed rates at 95% LTV start from 5.89%.
Nationwide’s first-time buyer mortgages also come with £500 cashback, while those looking to remortgage to the Society can choose between £500 cashback or free standard legal fees.
