Nationwide Building Society is reducing rates across its mortgage range by up to 0.25%, with new deals available from tomorrow, Wednesday 5th November.
The lender’s lowest rate now stands at 3.64%, available to both new and existing customers moving home on a 2-year fixed rate at 60% loan-to-value (LTV) with a £1,499 fee.
The rate reductions will benefit first-time buyers, home movers, remortgagers and existing customers looking to switch, with sub-4% deals now available across all borrower types.
For new and existing customers moving home, Nationwide has applied cuts of up to 0.24% across 2-, 3-, 5- and 10-year fixed products up to 95% LTV.
Deals include a 2-year fixed at 3.64% (60% LTV) and a 3-year fixed at 3.75% (60% LTV).
The lender said the latest changes continue its commitment to offering movers the same or better rates than new borrowers.
Remortgage customers will see reductions of up to 0.25%, with highlights including a 2-year fixed at 3.79% (60% LTV) and a 5-year fixed at 3.89% (60% LTV).
Existing borrowers coming to the end of their current deal will also benefit, with switcher products cut by up to 0.25%.
Offers include a 2-year fixed at 3.79% (60% LTV) and a 5-year fixed at 3.84% (60% LTV), alongside a 2-year fixed at 4.79% (90% LTV) with no fee.
The society reaffirmed that all switcher rates will remain the same or lower than equivalent remortgage deals.
First-time buyers have also been included in the rate cuts, with reductions of up to 0.17% across multiple LTV tiers.
New rates include a 2-year fixed at 3.89% (60% LTV), 3.99% (75% LTV), and a 5-year fixed at 4.35% (90% LTV).
Carlo Pileggi, Nationwide’s head of mortgage products, said: “We’re making rate cuts across the majority of our fixed rate mortgage range with a number of sub-4% products and a market-leading rate for home movers.
“These changes will put Nationwide firmly on the radar for all borrower types as we aim to position the country’s largest building society as one of the most competitively priced lenders in the market.”
