Nationwide Building Society is cutting selected fixed rates at 90% and 95% loan-to-value (LTV) by up to 0.20% and switcher rates by up to 0.30%, starting from Friday, April 14th.
The rate reductions apply to new customers moving home, first-time buyers, and existing members moving home on selected 2-, 3, and 5-year fixed products at 90% and 95% LTV.
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.
For those seeking additional borrowing, Nationwide is reducing selected fixed rates on its range by up to 0.30%.
The rate on Green Additional Borrowing is also being reduced by 0.05%, with the rate now at 3.89%.
Henry Jordan, director of Home at Nationwide Building Society, said: “We are making reductions on our higher loan to value products to support those with a small deposit who are looking to buy their first home or move to a new property.
“We have also made further reductions to our switcher products where existing members benefit from our pricing pledge that those switching to a new deal will continue to benefit from a rate which is the same or better than the equivalent remortgage product.”
