Nationwide cuts remortgage and switcher rates by up to 0.35%

Nationwide is cutting selected remortgage rates by up to 0.35% and selected switcher rates by up to 0.13%. 

In addition, Nationwide will be reducing selected rates for new and existing customers moving home by up to 0.10%. 

The new rates will be effective from tomorrow, Friday 14th February.

Remortgage rates are down by up to 0.35% across two, three, five-year fixed rate products up to 95% LTV, with five-year fixed rates starting from 4.12% and two-year rates from 4.24%.

The largest reduction is to a two-year fixed rate at 90% LTV with no fee, down to 5.49%.

These latest changes also continue Nationwide’s existing mortgage customer pricing pledge, meaning that all switcher product rates will be the same or lower than the remortgage equivalents.

Switcher rates have reduced by up to 0.13% across selected two, three and five-year products up to 90% LTV with rates starting from 4.12%. 

In addition, Nationwide is also reducing selected rates across its new and existing customer moving home mortgages. A two-year fixed rate at 60% LTV with a £1,499 fee has decreased to 4.22% and with £999 fee to 4.27%.

Selected additional borrowing rates are also being cut by up to 0.13% with rates starting from 4.12%.

Carlo Pileggi, Nationwide’s senior mortgages manager, said: “The cuts we’re making to our remortgage and switcher products demonstrate our commitment to new and existing customers as they look to secure the best rate possible on a new mortgage deal. Nationwide’s existing customer pricing pledge also means that existing Nationwide customers have the reassurance that our switcher product rates will be the same or lower than the remortgage equivalents.”