Nationwide launches reduced mortgage rates from 3.84%

Nationwide is cutting mortgage rates for the second time this week with the latest changes seeing switcher and remortgage rates reduced by up to 0.22%. 

Rates on all two-year tracker products will also be cut by 0.25% following the reduction to Bank Rate. 

Available from tomorrow, Nationwide’s lowest remortgage rate now stands at 3.84% and is available on both the two and five-year fixed rate products at 60% LTV with a £1,499 fee.

Switcher rates for existing customers also start from 3.84%, but with a lower £999 fee.

Remortgage and switcher rates are down by up to 0.22% across selected two, three and five-year fixed rate products. The largest reduction is to a three-year fixed rate at 90% LTV, down to 4.89% with a £999 fee.

Carlo Pileggi, Nationwide’s senior mortgages manager, said: “Our fourth set of rate cuts in three weeks shows how we are working hard to support all types of borrowers. The changes we’re making tomorrow are aimed at ensuring we are well-positioned to support both new and existing customers who are currently looking for a new mortgage deal and follow the rate cuts made earlier this week which focused more on first-time buyers and home movers.”