Nationwide has cut rates for customers looking to remortgage or switch mortgage products, effective from tomorrow, 14th February 2025.
The bank is reducing selected remortgage rates by up to 0.35% and switcher rates by up to 0.13%.
Additionally, rates for new and existing customers moving home will be reduced by up to 0.10%.
In its remortgage range, reductions include a 5-year fixed rate at 60% loan-to-value (LTV) with a £1,499 fee now at 4.12%, down by 0.07%.
A similar product with a £999 fee has a new rate of 4.17%, and a 2-year fixed rate at 60% LTV with a £1,499 fee is now 4.24%, down by 0.15%.
Meanwhile, a 2-year fixed rate at 90% LTV with no fee is now 5.49%, reduced by 0.35%.
For switchers, the 5-year fixed rate at 60% LTV with a £999 fee is now 4.12%, reduced by 0.06%, and a 2-year fixed rate at 60% LTV with a £999 fee has a new rate of 4.24%, down by 0.13%.
Nationwide is also reducing rates for new home buyers, with 2-year fixed rate products up to 90% LTV seeing cuts of up to 0.10%.
A 2-year fixed rate at 60% LTV with a £1,499 fee is now 4.22%, and with a £999 fee is 4.27%, both reduced by 0.06%.
Selected additional borrowing rates are also being cut by up to 0.13%, with rates starting from 4.12%.
Carlo Pileggi, senior manager – mortgages at Nationwide, said: “The cuts we’re making to our remortgage and switcher products demonstrate our commitment to new and existing customers as they look to secure the best rate possible on a new mortgage deal.
“Nationwide’s existing customer pricing pledge also means that existing Nationwide customers have the reassurance that our switcher product rates will be the same or lower than the remortgage equivalents.”
