Nationally, FTB and second step tariffs are reduced
Nationwide has carried out a series of selected mortgage cuts of up to 0.17%, affecting first-time buyers (FTBs) and second-time passes from September 29.
Some shared equity mortgage rates have also been reduced to 0.35%.
For FTBs, the changes include discounts of up to 0.10% on 2 and 3 year fixed rate products at 75%, 80% and 95% loan-to-value ratio (LTV).
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Notable reductions include the 2-year 95% LTV patch reduced from 0.10% to 2.89% and the 2-year 80% LTV patch reduced from 0.10% to 1.44%. Both offers include a fee of £ 999.
For new customers moving, the lender has made discounts of up to 0.16% on 2 and 3 year fixed rate products at 75%, 80% and 95% LTV.
This includes the 75% 2-year LTV fixed rate reduced from 0.16% to 1.23% and the 95% 3-year LTV fixed rate reduced from 0.15% to 2.89%.
Regarding remortgages, the lender has made discounts of up to 0.12% on a selection of 2 and 3 year fixed rate products at 75% and 80% LTV.
For example, its 75% 3-year LTV rate was reduced from 0.07% to 1.39% and the 2-year 80% LTV rate from 0.12% to 1.47%. The latter offer includes a fee of £ 999.
The company has cut rates up to 0.35% on certain 2- and 5-year fixed rate products between 60% and 80% LTV.
Rates start from 1.09% for 2 year fixed rate mortgages and 1.24% for 5 year fixed rate products.
For existing members of the company moving, Nationwide has reduced rates by up to 0.17% on selected 2, 3 and 5 year fixed rate products starting at 60% LTV.
Nationwide has also reduced rates on additional advances, mortgage loans on family deposits and exchange rates between 60% and 95% LTV by up to 0.17%.
Nationwide’s first-time buyer mortgages also come with a £ 500 cash back, while those looking to remortgage the company can choose between £ 500 cash back or free standard legal fees.
Henry Jordan, Director of Mortgages at Nationwide, said: “We regularly review our mortgage rates to make sure that we remain one of the most competitive lenders for all types of borrowers, whether they buy that first home, are moving into their next or looking for a better deal on their existing property.
“These latest cuts and the introduction of some of the best rates in the market on our line of shares show that we are doing everything we can to help people as they consider all the options available to move into their own homes. . “