The Nationwide Building Society is reducing rates by up to 0.20 percentage points on a range of two, three, five and 10-year fixed rate mortgage products up to 80% loan to value (LTV).
The new rates are as follows:
First-time buyer, house purchase and shared equity
- Five-year fixed rate at 75% LTV reduced by 0.10% to 2.09% with a £999 fee and to 2.29% with no fee.
Remortgage
- Two-year fixed rate at 60% LTV reduced by 0.05% to 1.19% with a £1,499 fee, to 1.29% with a £999 fee and to 1.74% with no fee.
- Two-year fixed rate at 75% LTV reduced by 0.20% to 1.59% with a £999 fee and to 1.99% with no fee.
- Five-year fixed rate at 60% LTV reduced by 0.05% to 1.34% with a £1,499 fee, to 1.39% with a £999 fee and to 1.79% with no fee.
- Five-year fixed rate at 75% LTV reduced by 0.20% to 1.69% with a £999 fee and to 1.99% with no fee.
The Society’s two, three and five-year switcher products at 60% LTV will also be reduced by 0.05 percentage points with rates starting from 1.19%. The 10-year switcher product at 60%, 75% and 80% LTV will be reduced by up to 0.20 percentage points, with rates starting from 1.99%.
Rates on Nationwide’s Existing Customers Moving Home and Further Advances range will also see rate reductions of up to 0.20 percentage points.
Henry Jordan, Nationwide’s director of mortgages, said: “We are making further rate reductions to make sure we remain one of the most competitive providers in the market at a time when demand remains high.
“These follow on from our recent reductions at 60% LTV and highlight that Nationwide continues to support people looking to take advantage of the Stamp Duty holiday with attractive mortgage deals.”