Nationwide is reducing rates across its fixed mortgage range for the third time this month.
The new rates are effective from tomorrow and span the lender’s first-time buyer, home mover, remortgage and switcher ranges.
For existing and new customers moving home, rates have reduced by up to 0.15% across two, three, five and ten-year fixed rate products up to 95% LTV.
Nationwide’s lowest rate of 4.19% is available on a two-year fix at 60% LTV with a £1,499 fee.
Elsewhere in the range, a two-year fix at 90% LTV with now fee is down to 4.89% and a five-year fix at 90% LTV with a £999 fee is reducing to 4.69%.
First-time buyer rates are decreasing by up to 0.18%, with a three-year fix at 75% LTV down to 4.69%, a five-year fix at 85% LTV reducing to 4.62%, and a five-year fix at 90% LTV available at 4.82%. All come with a £999 fee.
First-time buyers also receive £500 cashback when they complete their mortgage with Nationwide. First-time buyers and those moving home can also benefit from cashback of up to £500 if they purchase an energy-efficient property through Nationwide’s Green Reward.
Remortgage rates are down by up to 0.25%, with the largest reduction to a three-year fix at 75% LTV, reducing to 4.94% with no fee. At 60% LTV, two-year fix rates start from 4.49% and five-year rates from 4.59%, both with a £999 fee.
Switcher rates will see reductions of up to 0.14% across two, three and five-year fixed rate products up to 90% LTV. Two and five-year rates at 60% LTV now start from 4.44% and 4.54% with a £999 fee.
The latest changes continue Nationwide’s existing mortgage customer pricing pledge, meaning that all switcher product rates will be the same as or lower than the remortgage equivalents.
Henry Jordan, Nationwide’s group director of mortgages, said: “We’re delighted to be making another set of rate cuts this month. As an all-round lender, we’re committed to supporting all borrower types, and these latest reductions will help ensure Nationwide remains a strong choice for new and existing customers – whether they’re buying their first home, moving to their next, or looking for a new deal.”