The Nationwide Building Society is reducing rates on selected two, three and five-year fixed rate mortgage products by up to 0.15 percentage points.
These changes are for products at 90% loan to value (LTV) as well as shared equity rates, while switcher customers will also see changes on products between 60 and 75% LTV.
Rates for the two-year fixed products at 90% LTV are reduced by 0.05 percentage points to 1.89% with a £999 fee and 2.29% with no fee.
Meanwhile, rates for the five-year fixed products at 90% LTV are reduced by 0.05 percentage points to 2.29% with a £999 fee and 2.49% with no fee.
Shared equity range:
- Two-year fixed products at 75% LTV: reduced by 0.05 percentage points to 1.54% with a £999 fee and 1.94% with no fee.
- Five-year fixed products at 75% LTV: reduced by 0.10 percentage points to 1.84% with a £999 fee and 2.04% with no fee.
Switcher range:
- At 60%, two-year fixed rates reduced by 0.10 percentage points to 1.29% with a £999 fee; reduced by 0.05% to 1.69% with no fee.
- At 75%, two-year fixed rates reduced by 0.10 percentage points to 1.39% with a £999 fee; reduced by 0.05% to 1.79% with no fee.
- Three-year fixed products at 60% LTV reduced by 0.05 percentage points to 1.54% with a £999 fee and 1.84% with no fee.
- Three-year fixed products at 75% LTV reduced by 0.05 percentage points to 1.64% with a £999 fee and 1.94% with no fee.
- Five-year fixed products at 60%, five-year fixed rates reduced by 0.10 percentage points to 1.64% with a £999 fee and 1.84% with no fee.
- Five-year fixed products at 75%, five-year fixed rates reduced by 0.15 percentage points to 1.69% with a £999 fee and reduced by 0.10 percentage points to 1.94% with no fee.
- Five-year fixed products at 90%, five-year fixed rates reduced by 0.05 percentage points to 2.29% with a£999 fee and 2.49% with no fee.
Henry Jordan, Nationwide’s director of mortgages, said: “By improving the competitiveness of our two, three and five-year fixed rate products, we are aiming to support those mortgage customers with both larger and smaller deposits who are looking for payment security.”
Nationwide offers a range of additional benefits for first time buyers, home movers and those remortgaging to the Society. All standard mortgage valuations are fee-free, while first time buyers receive a £500 cashback to help with costs and those remortgaging to the Society can choose between £500 cashback or free standard legals.