Nationwide has revealed that it is cutting rates across its fixed rate mortgage range from tomorrow, Friday 5th December 2025.
The lowest rate now offered is 3.58%, which is the first time Nationwide has gone below 3.60% since September 2022.
First-time buyers (FTBs) will see reductions of up to 0.21% across fixed rate products up to 95% loan-to-value (LTV).
This includes a deal fixed for two years at 85% LTV with a £999 fee at 3.92%, reduced by 0.16%.
The 2-year fixed at 95% LTV with no fee is 4.68%, down by 0.21%.
5-year fixed at 95% LTV with a £999 fee is now 4.78%, cut by 0.11%.
FTBs receive £500 cashback on completion.
Existing and new customers moving home will see reductions up to 0.13%.
The 2-year fixed rate at 60% LTV with a £1,499 fee is 3.58%, cut by 0.02%.
The 2-year fixed at 75% LTV with a £999 fee is 3.67%, down by 0.12%.
The 2-year fixed at 85% LTV with a £999 fee is 3.81%, down by 0.13%, while the 5-year fixed at 60% LTV with a £999 fee is 3.80%, down by 0.04%.
Existing customers moving home receive the same or lower rates as new customers.
Buyers can also get up to £500 cashback if they purchase an energy-efficient property through the Green Reward scheme.
Switchers, meaning existing Nationwide customers coming to the end of their current deal, get reductions up to 0.10%.
The 2-year fixed at 60% LTV with a £999 fee is 3.65%, down by 0.07%.
5-year fixed at 60% LTV with a £999 fee is 3.74%, down by 0.10%.
3-year fixed at 75% LTV with a £999 fee is 3.93%, cut by 0.06%.
Remortgage rates have dropped by up to 0.14%.
The 2-year fixed at 60% LTV with a £1,499 fee is 3.65%, down by 0.07%.
5-year fixed at 60% LTV with a £999 fee is 3.79%, down by 0.10%.
3-year fixed at 85% LTV with no fee is 4.35%, cut by 0.14%.
Switcher product rates are the same or lower than remortgage equivalents.
Carlo Pileggi, head of mortgage products at Nationwide, said: “We’re making cuts across our fixed rate mortgage range with even more of our rates now below four per cent.
“These latest changes, which follow hot on the heels of the wide-ranging rate cuts we made at the end of last week, demonstrate that Nationwide remains focused on offering competitive rates to first-time buyers, home movers and those looking for a new deal.”
