The majority of cuts will be made on rates available on loans of between 70% and 85% LTV. The biggest reduction of 0.60% has been made on selected two year fixed rate deals available to house purchase customers at 80% LTV.
As well as other products, the mortgage product range available from Nationwide will include the following:
For those buying a home:
- Two year fixed rate available from 3.69% (up to 70% LTV) and two year tracker available from 2.64% (up to 70% LTV). New customers can borrow up to 85% LTV and existing borrowers who are moving home can borrow up to 95% LTV. There is a £99 booking fee (payable upfront and non-refundable) and a £896 reservation fee.
- Two year fixed rate available from 3.99% (up to 70% LTV) and two year tracker available from 2.94% (up to 70% LTV). New customers can borrow up to 85% LTV and existing borrowers who are moving home can borrow up to 95% LTV. There is a £99 booking fee (payable upfront and non-refundable). There is no reservation fee; free legals available.
- Three year fixed rate available from 4.39% (up to 70% LTV) and three year tracker available from 2.99% (up to 70% LTV). New customers can borrow up to 85% LTV and existing borrowers who are moving home can borrow up to 95% LTV. There is a £99 booking fee (payable upfront and non-refundable) and a £896 reservation fee. There is a reservation fee discount available to first time buyers of £500 or £250 plus free legals.
