At the same time, Nationwide is improving the way it rewards customer loyalty by offering reduced rates to borrowers who choose to stay with the society.
Tracie Pearce, Nationwide’s head of mortgages, said: “We wanted to give existing customers the clear message that their loyalty is valued. We are demonstrating this by offering them lower rates than those we offer our new customers. When other providers use their best deals to lure in new customers, it’s reassuring to know that as an existing customer of Nationwide, whether you go to a broker or come to us direct, you will be offered our best rates.”
New rates include
2-year fixed rate available to all existing customers at 3.39% (70% LTV) and new customers at 3.49% (70% LTV)
• £900 product fee - £99 booking fee (payable upfront and non-refundable)
• No booking fee payable for customers switching deals
• Existing customer rate available for further borrowing
• Two-year fixed-rate product fee-free option available at 3.89% (new customers), 3.79% (existing customers) - £99 booking fee will still apply
• £500 product fee discount for first-time buyers
5-year fixed rate available for all existing customers at 3.59% (70% LTV) and new customers at 3.69% (70% LTV)
• £900 product fee - £99 booking fee (payable upfront and non-refundable)
• No booking fee payable for customers switching deals
• Existing customer rate available for further borrowing
• Product fee-free option available at 3.89% (new customers), 3.79% (existing customers) - £99 booking fee will still apply
• £500 product fee discount for first-time buyers
