Effective from tomorrow, Friday 21st February, Nationwide Building Society will be reducing selected mortgage rates by up to 0.33%, with rates now starting from 4.09%.
For new customers moving home, the lender is introducing reductions of up to 0.22% across 2-, 3- and 5-year fixed rate products up to 95% loan-to-value (LTV).
This includes a 5-year fixed rate at 60% LTV with a £1,499 fee at 4.09%, a 5-year fixed rate at 85% LTV with a £999 fee at 4.45%, and a 3-year fixed rate at 75% LTV with a £999 fee at 4.34%.
Nationwide is also offering a 2-year fixed rate 75% LTV with a £1,499 fee at 4.24% and a 2-year fixed rate 95% LTV with no fee is 5.42% (reduced by 0.22%).
For first-time buyers there will be reductions of up to 0.33% across 2 and 3-year fixed rate products up to 95% LTV.
This includes a 3-year fixed rate at 60% LTV with a £999 fee at 4.29%, a 3-year fixed rate at 85% LTV with a £999 fee at 4.64%, a 2-year fixed rate at 80% LTV with a £999 fee at 4.50%, and a 2-year fixed rate at 95% LTV with a £999 fee at 5.29%.
Nationwide, is also reducing rates for existing customers moving home by up to 0.22%, with rates now starting from 4.09%.
Carlo Pileggi, Nationwide’s senior manager – mortgages, said: “As one of the UK’s largest lenders, we remain as committed as ever to supporting home movers and first-time buyers, with these reductions following our cuts for remortgage and switcher customers last week.
“These latest reductions bring 5-year and 2-year fixed rates closer together, with our first-time buyer £999 fee products fully aligned across both terms.
“We now have some of the most competitive rates on the market, whether it be for first-time buyers or customers moving home.”
