Nationwide reduces fixed and tracker rates

Nationwide reduces fixed and tracker rates

Nationwide Building Society

Nationwide Building Society is cutting fixed and tracker rates by up to 0.40 percentage points on Wednesday 25 July.

New rates include:

Five-year fixed rate available at 3.39% (70% LTV)

  • £900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home
  • £400 discounted product fee for first-time buyers

Four-year Flexclusive fixed rate available at 3.49% (70% LTV)

  • No product fee, £99 booking fee (payable upfront and non-refundable) for both homebuyers and remortgage customers who hold a FlexAccount with the Society as their main current account
  • Free standard valuation and free standard legal fees for both house purchase and remortgage.

Three-year fixed rate available at 3.29% (70% LTV)

  • £900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home
  • £400 discounted product fee for first-time buyers

Two-year fixed rate available at 2.99% (60%LTV)

  • £900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home
  • £400 discounted product fee for first-time buyers

Tracker rates across two and three-year ranges are also reducing by 10bps.

“These latest cuts ensure our popular range of fixed rate mortgages remain very competitive,” said Tracie Pearce, Nationwide head of group mortgages. “It’s a clear demonstration of our ongoing commitment to being ‘On your side’, as we’ve made significant improvements for customers at all LTVs, not just reduced rates for those with the largest deposits.

“Indeed, these further cuts mean that our rates on NewBuy mortgages are particularly keen, with our five-year fixed rate NewBuy mortgages having dropped by 40bps at 95% LTV since launch.”