All 2-year fixed rates above 60% loan to value will drop by 0.20%.
Nationwide’s lowest 2-year fixed rate, previously available up to 50% LTV, will be available up to 60% LTV which equates to a drop of 0.30% for borrowers at 50.01% to 60% LTV.
All 3-year fixed rate products at all LTV tiers will drop by 0.20%.
Martyn Dyson, head of mortgages at Nationwide, said: “I suspect there are many brokers and their clients wondering whether the Bank of England base rate will move sooner or later. No one really knows for certain but, for those who prefer to fix their mortgage payments, our latest cuts are good news if you’re looking for a two or three-year deal.
“Our lowest 2-year fixed rate will also be available up to 60% LTV, up from 50% LTV, meaning more borrowers will be able to benefit from the lowest fixed-rate in our current range.”
