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  • Writer's pictureConrad Binding

Nationwide Implements Mortgage Rate Reductions of Up to 0.31%



Nationwide has implemented reductions in selected fixed rates by up to 0.31%. This reduction encompasses rates within its New Business, Switcher, Additional Borrowing, and Existing Customers Moving Home product ranges.


The adjustments apply to 2-year, 3-year, and 5-year fixed-rate products, with the lowest now commencing at 4.29%.


For new customers in the process of moving homes, Nationwide has applied reductions of up to 0.26% on products with up to 95% loan-to-value (LTV). This includes a 0.14% reduction on a 5-year rate at 60% LTV, now at 4.29%, a 2-year 60% LTV rate reduced by 0.14% to 4.65%, and a 3-year 90% LTV rate reduced by 0.26% to 5.29%.


First-time buyers also benefit from reductions of up to 0.28% on products with up to 95% LTV. Notable adjustments include a 0.15% reduction on a 5-year fixed rate at 60% LTV (now at 4.34%), a 0.28% reduction on a 2-year fixed rate at 75% LTV (now at 4.85%), and a 0.19% reduction on a 3-year fixed rate at 90% LTV (now at 5.31%).


For remortgages, Nationwide has decreased rates by up to 0.31% on products with up to 90% LTV. This encompasses a 0.06% reduction on a 5-year fixed rate at 60% LTV (now at 4.68%), a 0.31% reduction on a 3-year fixed rate at 75% LTV (now at 4.89%), and a 0.08% reduction on a 2-year fixed rate at 80% LTV (now at 5.48%).


Additionally, Nationwide has reduced selected 2-year, 3-year, and 5-year switcher rates at 95% LTV by up to 0.19%. The mortgage member pricing pledge ensures that switcher product rates align with or are lower than the corresponding remortgage equivalents.


Nationwide has also addressed existing customers moving home by reducing rates by up to 0.24%.

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