Nationwide is cutting interest rates by up to 0.25 percentage points across selected two, three and five-year fixed rate products from February 28.
Nationwide Building Society has announced some major cuts to mortgage rates. Nationwide is cutting interest rates by up to 0.25 percentage points across selected two, three and five-year fixed rate products from February 28.
It means Nationwide’s lowest mortgage rate now sits at 3.99 per cent. The changes include a ive-year fixed rate at 60 per cent LTV with a £999 fee is 3.99 per cent (reduced by 0.13 per cent), two-year fixed rate at 60 per cent TV with a £999 fee is 4.09 per cent (reduced by 0.15 per cent) and five-year fixed rate at 75 per cent LTV with no fee is 4.32 per cent (reduced by 0.17 per cent)
Other changes include a five-year fixed rate at 60 per cent LTV with a £1,499 fee is 3.99 per cent (reduced by 0.13 per cent), a two-year fixed rate at 60 per cent LTV with a £1,499 fee is 4.09 per cent (reduced by 0.15 per cent) and a five-year fixed rate at 60 per cent LTV with no fee is 4.24 per cent (reduced by 0.14 per cent).
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The changes add a five-year fixed rate at 90 per cent LTV with a £999 fee is 4.74 per cent (reduced by 0.25 per cent), two-year fixed rate at 85 per cent LTV with no fee is 4.99 per cent (reduced by 0.06 per cent) and three-year fixed rate at 75 per cent LTV with a £999 fee is 4.39 per cent (reduced by 0.05 per cent).
Other cuts are a five-year fixed rate at 60 per cent LTV with a £1,499 fee is 4.02 per cent (reduced by 0.07 per cent), three-year fixed rate at 60 per cent LTV with a £999 fee is 4.09 per cent (reduced by 0.10 per cent) and five-year fixed rate at 85 per cent LTV with a £999 fee is 4.39 per cent (reduced by 0.06 per cent).
Carlo Pileggi, Nationwide’s senior manager for Mortgages, said: “Our third set of rate cuts in three weeks should come as great news for borrowers. We remain as committed as ever to supporting all segments of the market, including those buying their first home or moving to their next.
“With our switcher and remortgage rates starting from 3.99 per cent, we aim to be front of mind for those looking for a new deal too.”