Nationwide will therefore be offering a 5-year fixed rate at 3.99%, available up to 70% loan to value, with a £99 booking fee.
Martyn Dyson, head of mortgages at Nationwide, said: “Intermediaries will be pleased to know that our 5-year fixed mortgage rates, which have been very popular in recent weeks, will be further reduced. Our new five-year fixed rate with just a £99 booking fee will now be less than 4%, offering intermediaries a great fixed-rate deal for their clients.
“We’re also reducing two-year trackers, which all come with a ‘switch & fix’ option, allowing customers to switch from their tracker to a fixed rate in our ‘switch and fix’ range without early repayment charges.”
