Nationwide cuts fixed mortgage rates by up to 0.15%
Effective from tomorrow, 18th August, reductions of up to 0.15% will apply to 2-, 3- and 5-year fixed products.
Nationwide will cut rates across its fixed mortgage range for new and existing customers, effective from tomorrow, 18th August.
Reductions of up to 0.15% will apply to 2-, 3- and 5-year fixed products.
The lowest rate will stand at 4.48% for customers moving home.
First-time buyers (FTBs) will see reductions of up to 0.10% across fixed rate products up to 95% LTV.
This includes a 5-year fixed rate at 90% loan-to-value (LTV) with a £999 fee at 4.82%, a 3-year fixed rate at 60% LTV with no fee at 4.99%, and a 2-year fixed rate at 95% LTV with no fee at 5.34%.
Existing and new customers moving home will see reductions of up to 0.10% across fixed rates up to 95% LTV.
This includes a 5-year fixed at 90% LTV with a £999 fee at 4.81%, a 2-year fixed at 60% LTV with a £1,499 fee at 4.48%, and a 3-year fixed at 95% LTV with a £999 fee at 5.24%.
Remortgage products will be reduced by up to 0.15% across fixed rates up to 90% LTV.
A 5-year fixed at 60% LTV with no fee will be 4.79%, and a 3-year fixed at 60% LTV with no fee will be 4.94%.
Carlo Pileggi, head of mortgage products at Nationwide, said: “We’re pleased to announce a further set of rate cuts across our fixed mortgage range, building on the cuts we made at the beginning of August.
“These latest changes bring our lowest mortgage rate back below 4.5 per cent for new and existing borrowers moving home, whilst also maintaining our support for first-time buyers with smaller deposits and those remortgaging.”
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