The reductions range between 0.05% and 0.60%, with the average cut being 0.30%. The society has also extended the maximum LTV to 85% on remortgage tracker deals.
Andy McQueen, divisional director for mortgages and general insurance at Nationwide, said: “We have further improved our mortgage range by reducing our interest rates on selected deals by up to 0.60%. So whether you’re buying a house, remortgaging, looking to switch deals or after additional borrowing, you may benefit from this latest drop in interest rates. Some of our largest reductions are on our remortgage, Switch & Fix and further borrowing deals, in particular the two-year fixed rate products.
“Furthermore, our remortgage tracker mortgages are now available up to 85% LTV. This enables us to continue to support those customers remortgaging with less equity.”
