Nationwide Building Society is reducing rates on its fixed mortgage products by up to 0.55% from tomorrow, Wednesday 9 August.
New customers moving home will benefit from reductions of up to 0.45% across selected 2-, 3- and 5-year fixed products up to 95% loan-to-value (LTV), including a 5-year fixed rate at 60% LTV with £999 fee at 5.64%, a 3 -year fixed rate at 75% LTV with £999 fee at 5.99% and a 2-year fixed rate at 60% LTV with £999 fee at 6.14%.
For its first-time buyers offering, the Society is introducing reductions of up to 0.55% across selected 2-, 3- and 5-year fixed products up to 95% LTV.
Some of these reductions include a 5-year fixed rate at 60% LTV with £999 fee at 5.64%, a 2-year fixed rate at 75% LTV with £999 fee at 6.24%, and a 3-year fixed rate at 60% LTV with £999 fee at 6.09%.
Remortgage customers will also see reductions of up to 0.35% across selected 2-, 3- and 5-year fixed products, including a 5-year fixed rate at 60% LTV with £999 fee at 5.64% , and a 2-year fixed rate at 75% LTV with no fee at 6.19%.
Nationwide is also reducing selected 2-, 3- and 5-year fixed rates for existing customers moving home by up to 0.30%.
Rates on the Society’s range of 2-year trackers will increase by 0.25% in line with the product terms given the recent Bank Rate rise.
Henry Jordan, director of Home at Nationwide Building Society, said: “These latest changes build on the reductions we made last week for existing customers.
“With swap rates having fallen from their early July peak and stabilised somewhat, we are now able to reduce rates for new customers.”
