First-time buyers continue to receive £500 cashback on completion, with a further cashback of up to £500 available through Nationwide’s Green Reward scheme for purchases of energy-efficient properties.
Reductions of up to 28bps apply across two-, three-, five-, and 10-year fixed products up to 90% LTV. A two-year fix at 60% LTV with no fee is now priced at 4.83%, and a two-year fix at 85% LTV with a £999 fee at 4.89%.
The changes follow rate cuts made the previous week to Nationwide’s switcher range for existing customers approaching the end of their current deal. Under its existing customer pricing pledge, all switcher product rates will match or undercut remortgage equivalents.
Existing and new customers moving home will see reductions of up to 17bps across two-, three-, five-, and 10-year fixed products up to 95% LTV. A two-year fix at 90% LTV with no fee is now 4.99%, and a five-year fix at 80% LTV with a £999 fee is 4.59%.
Nationwide has maintained its policy of offering existing customers moving home rates that are equal to or lower than those available to new customers.