Nationwide launches new residential rates from 3.89%

Nationwide is reducing rates by up to 0.25% on selected two, three and five-year fixed rate products across its first-time buyer and home-mover ranges. 

The new rates will be effective from tomorrow, Wednesday 23rd April.

Nationwide’s lowest mortgage rate now stands at 3.89%, which is available to existing and new customers who are looking to move home. This rate is available on both the two-year and five-year fixed rate products and comes with a £1,499 fee.  

Elsewhere in its homemover range, two and five-year fixed rates at 60% LTV with a £999 fee are down by up to 0.25% to 3.94%.

First-time buyer products will see reductions of up to 0.24% across two and three-year fixed rate products up to 95% LTV.

Highlights include two-year fixed rates from 4.09% at 60% LTV with a £1,499 fee and 4.14% with a £999 fee.

Henry Jordan, Nationwide’s Director of Home, said: “We know that rate is an important factor for borrowers looking to buy their first home or move onto their next. These latest cuts should put Nationwide firmly on the radar for first-time buyers and home movers as we continue to be one of the most competitively priced lenders in the market.”