Nationwide reduces rates across fixed mortgage range

These changes mean the lender's lowest rate now stands at 4.64%.

The new rates include reductions of up to 0.25% across two, three and five-year fixed rate products up to 95% LTV for new customers moving homes; for first-time buyers, there are reductions of up to 0.31% across two, three and five-year fixed rate products up to 95% LTV.

In its remortgage range, Nationwide has made cuts of up to 0.38% across two, three and five-year fixed rate products up to 90% LTV.

Nationwide is also reducing rates across its switcher range by up to 0.25%, with rates starting from 4.64% on five-year fixed products, 4.94% for three-year fixed products and 4.99% for two-year fixed products.

Nationwide is reducing rates on additional borrowing and for existing customers moving home by up to 0.25%.

Henry Jordan, director of home at Nationwide Building Society, said:

“We’re making further rate cuts across our fixed rate mortgage range to ensure we continue to cement our position as one of the most competitive lenders in the market. Over the last three months, we have reduced rates eight times and, over that period, that has meant our rates have fallen by up to 1.39 percentage points as we look to maintain our support for potential and existing homeowners, as well as brokers, by offering attractively priced products.”