Effective from tomorrow (Friday 13th September), Nationwide Building Society will reduce selected rates by up to 0.25%, with the majority of cuts being made across the first-time buyer range.
For first-time buyers there will be reductions of up to 0.25% across 2-, 3- and 5-year fixed rate products up to 95% loan-to-value (LTV).
This will include a 2-year fixed rate at 75% LTV with a £999 fee at 4.49%, a 3-year fixed rate at 90% LTV with a £999 fee at 5.04% and a 3-year fixed rate at 95% LTV with a £999 fee at 5.44%.
In addition, a 5-year fixed rate at 95% LTV with a £999 fee will be reduced by 0.10% to 5.04%.
As part of its range for new customers moving home, Nationwide is introducing reductions of up to 0.23% across 2-, 3- and 5-year fixed rate products at 90% and 95% LTV.
This includes a 3-year fixed rate at 90% LTV with a £999 fee at 5.04%, a 3-year fixed rate at 95% LTV with a £999 fee iat 5.37%, and a 5-year fixed rate at 95% LTV with a £999 fee at 5.04%.
For existing customers moving home, the lender will also make reductions of up to 0.23% across 2-, 3- and 5-year fixed rate products up to 95% LTV.
New rates include a 3-year fixed rate at 80% LTV with a £999 fee at 4.59%, a 3-year fixed rate at 95% LTV with a £999 fee at 5.37% and a 5-year fixed rate at 95% LTV with a £999 fee at 5.04%.
Nationwide is also reducing selected early repayment charges (ERCs) by up to 1%1.
Henry Jordan, director of home at Nationwide Building Society, said: “These latest reductions will ensure that we have some of the most competitive rates on the market with a particular focus on supporting first-time buyers in what remains a challenging environment.”
