Nationwide cuts mortgage rates by up to 0.18%

Nationwide has reduced rates by up to 0.18% on selected two, three and five-year fixed rate products across its mortgage range, with its lowest rate now at 3.80%. 

First-time buyer rates have reduced by up to 0.18% across two and three-year fixed rate products up to 95% LTV. 

A two-year fixed rate at 60% LTV with a £1,499 fee is down by 4bps to 3.99%, while a two-year fix at 75% LTV with a £999 fee is down by 10bps to 4.09%.

Three-year fixed rates are down by 15bps at 85% LTV to 4.34% with a £999 fee and by 18bps to 5.21% at 95% LTV with no fee

Existing and new customers moving home will benefit from reductions of up to 0.16% across two, three and five-year fixed rate products up to 95% LTV.

A two-year fixed rate at 60% LTV with a £1,499 fee is down by 7bps to 3.80%. At 80% LTV, a three-year fix is down by 10bps to 4.24% and a five-year fix at 95% LTV has reduced by 13bps to 4.81%, both with a £999 fee. In addition, a two-year fix at 90% LTV with no fee is down by 16bps to 4.52%.

Carlo Pileggi, Nationwide’s senior mortgages manager, said: “We regularly review our rates because it’s important that, as Britain’s biggest building society, we maintain a competitive position in the market. 

"These latest changes will be particularly good news for those looking to move home, with rates now starting from 3.80%, and for first-time buyers as we make a wide range of cuts across those product ranges."