Nationwide Cuts Mortgage Rates Across the Board
Nationwide has announced rate reductions of up to 0.25 percentage points across its mortgage products, benefiting both new and existing customers. The new rates take effect from Wednesday, 5 November.
Key Highlights
- Rate cuts of up to 0.25% on two, three, five, and ten-year fixed-rate mortgages.
- Applicable to first-time buyers, home movers, remortgage customers, and switchers.
- The lowest available rate now stands at 3.64%, a leading figure in the market.
Details for Borrowers
The 3.64% rate applies to a two-year fixed product with a 60% loan-to-value (LTV) ratio and a £1,499 fee. Reductions of up to 0.24% are offered to home movers, with options reaching up to 95% LTV.
“Nationwide continues to offer existing customers who are moving home the same or lower rate than new customers.”
Customers coming to the end of their deals can also benefit from rate cuts of up to 0.25% across various fixed-term products.
Impact Summary
These adjustments position Nationwide as one of the most competitive lenders in the current mortgage market, especially for those seeking stable, long-term rates.
Author’s Summary: Nationwide lowers rates across its mortgage range, offering a new 3.64% deal that maintains its leadership among UK lenders.