Mutual will lower rates of fixed rate deals for first-time buyers, home movers, and remortgagers
Nationwide Building Society has announced rate reductions of up to 45 basis points (bps) across the majority of its fixed rate mortgage products.
The new, lower rates are available from October 11.
New customers moving home will benefit from rate cuts of up to 45bps across two-, three-, five-, and 10-year fixed rate products up to 95% LTV.
Rates of first-time buyer products will also be reduced by as much as 29bps across two-, three-, five- and 10-year fixed rate products up to 95% LTV, while remortgage deals at up to 75% LTV will also have their rates slashed by up to 36bps.
Read the latest Nationwide BS mortgage rates at the link.
The lender is also reducing rates across its switcher range by up to 45bps, with rates starting from 4.74% on five-year fixed products and 4.99% for three-year products. Additional borrowing and rates for existing customers moving home will also be cut by up to 45bps.
“As a mutual and one of the largest lenders in the country, we remain as committed as ever to supporting borrowers, which is why, with swap rates continuing their downward trajectory, we’re making yet more rate cuts across the majority of our product range,” Henry Jordan, director of home at Nationwide Building Society, said.
“These latest rate cuts will ensure that we have some of the most competitive rates on the market for all types of borrowers whether it be first-time buyers, home movers, or those looking to remortgage or switch deal.”
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