Lender now offers remortgage and house purchase products with rates below 5%
Nationwide Building Society has reduced select two-, three-, and five-year fixed and two-year tracker mortgage rates by up to 0.30 percentage points.
For those remortgaging, there are rate reductions of between 0.05% and 0.26% on selected fixed and tracker products up to 90%.
New customers moving home get reductions of between 0.05% and 0.25% on selected fixed and tracker products up to 95%, while first-time buyers can avail the same products with reduced rates of between 0.05% and 0.30%.
For the mutual’s existing members moving home, Nationwide is reducing rates by up to 0.25%, while shared equity rates are being reduced by 0.20%.
Read more: Nationwide lowers borrowing rates by up to 0.70%.
Nationwide’s first-time buyer mortgages also come with £500 cashback, while those looking to remortgage to the society can choose between a £500 cashback or free standard legal fees.
“Continued market stability and the downward trend in swap rates have meant we’ve been able to make further rate reductions on a large number of products across our mortgage range,” Henry Jordan (pictured), director of mortgages at Nationwide Building Society, said. “These changes now mean the society has selected remortgage and house purchase products with rates below 5% as we continue to support all types of borrowers, whether moving home or looking for a new deal.”
Full details of all rates included in the latest changes can be found on Nationwide website’s rate reductions page.
