Nationwide cuts residential rates by up to 0.35%
“We always keep our rates under review to make sure we can maintain our competitive position in the market.”
Nationwide has reduced residential mortgage rates up to 0.35% on certain fixed and tracking products up to 95% LTV.
For new clients moving, a two-year 60% LTV follow-up rate has been reduced from 0.25% to 1.39% with a fee of Â£ 999, and a two-year fixed rate of 75% LTV has been reduced. been reduced to 1.14% with a Â£ 1,499 charge. A five-year fix to 85% LTV has been reduced from 0.10% to 2.49% with a charge of Â£ 1,499, and a ten-year fix to 60% LTV has been reduced by 0.35% at 1.99% with a charge of Â£ 999.
For first-time buyers, a two-year fixed rate of 95% LTV has been reduced from 0.15% to 3.64% without charge, while a five-year fixed rate has been lowered to 2.54%, with a fee of Â£ 1,499.
At 60% LTV, a two-year tracker was reduced from 0.25% to 1.39% and a ten-year fix was reduced from 0.35% to 1.99%, both with a fee of 999. Â£.
For remortgage customers, rates have been reduced by up to 0.15% on some fixed rates up to 85% LTV. Highlights include two-year fixed rates of 1.19% up to 75% LTV and 1.79% up to 80% LTV, both with charges of Â£ 999.
For existing Company members who move, Nationwide reduces rates by up to 0.15% on certain fixed and tracking products up to 95% LTV.
Nationwide is also reducing additional advance rates, family deposit mortgages and foreign exchange rates by up to 0.15%.
Henry Jordan, Nationwide Mortgage Director, said: âAs one of the UK’s largest lenders, we always keep our rates under review to make sure we can maintain our competitive position in the market. Whether someone is buying a new home or re-mortgaging their existing property, we have a range of mortgages to suit their needs.