Nationwide is tomorrow (4 November) cutting a selection of five-year fixed rates for existing Nationwide mortgage customers.
As part of the Nationwide Loyalty Rate Mortgages initiative, which compares the Society’s mortgage rates for existing customers to those of its top six high street competitors, selected switcher rates will be reduced by 0.10 percentage points.
The 75% LTV five-year fixed rate with a £999 fee will be reduced by 0.10 percentage points to 2.84%, and the five-year deal with no fee is also being reduced by 0.10 percentage points to 3.04%.
Existing mortgage customers already get an additional 0.10 percentage point discount on new customer rates.
The Loyalty Rate Mortgages initiative is only available to Nationwide’s existing mortgage customers who are looking to switch deal.