Nationwide cuts switcher mortgage rates by up to 0.12%

Nationwide is cutting rates across its switcher mortgage range by up to 0.12 percentage points, with the changes taking effect from today, Wednesday 10 June.

The reductions cover two, five and ten-year fixed rate products and are available to existing Nationwide customers approaching the end of their current deal.

Switcher mortgage rates in the new range start from 4.56%. The specific product changes are:

• Two-year fixed rate at 60% LTV with a £999 fee: 4.56% (reduced by 0.03 percentage points)
• Five-year fixed rate at 60% LTV with a £999 fee: 4.59% (reduced by 0.10 percentage points)
• Five-year fixed rate at 75% LTV with no fee: 4.83% (reduced by 0.12 percentage points)

Carlo Pileggi, Nationwide's head of mortgage products, said: "We're making these latest rate cuts to support existing customers as they come to the end of their current deal.

"Together with our pricing pledge, ensuring switcher rates will be the same or lower than the remortgage equivalents, it reflects our commitment to helping our customers secure the best possible rate on a new mortgage deal."