Effective from tomorrow (Tuesday 9th July), Nationwide Building Society reduce selected rates by up to 0.30%, with rates now starting from 4.18%.
For customers moving home, the society will be introducing reductions of up to 0.20% across 2-year, 3-year and 5-year fixed rate products up to 85% loan-to-value (LTV).
Examples of available deals include a 5-year fixed rate at 60% LTV with £1,499 fee at 4.18%, a 5-year fixed rate at 75% LTV with £999 fee at 4.45%, a 2-year fixed rate 60% LTV with £1,499 fee at 4.59% and a 3-year fixed rate at 85% LTV with £999 fee at 4.99%.
For first-time buyers, Nationwide is also introducing reductions of up to 0.09% across 2-year and 3-year fixed rate products up to 85% LTV.
These include a 3-year fixed rate at 60% LTV with £999 fee at 4.65%, a 3-year fixed rate at 75% LTV with £999 fee at 4.75%, and a 2-year fixed rate at 60% LTV with £1,499 fee at 4.75%.
Remortgage deals will also see reductions of up to 0.30% across 2-year, 3-year and 5-year fixed rate products up to 90% LTV.
Rates include a 3-year fixed rate at 75% LTV with £999 fee at 4.77%, a 3-year fixed rate at 60% LTV with £0 fee at 4.81%, and a 5-year fixed rate at 80% LTV with £1,499 fee at 4.94%.
Nationwide is also reducing selected 2-year, 3-year and 5-year switcher rates at up to 95% LTV by up to 0.16% with rates starting from 4.34%.
Henry Jordan, director of home at Nationwide Building Society, said: “As one of the UK’s largest lenders, we remain as committed as ever to supporting borrowers.
“These reductions will ensure that we have some of the most competitive rates on the market for all types of borrowers whether it be first-time buyers, home movers or those looking to remortgage or switch deals.”
