Nationwide Cuts Mortgage Rates with Lowest Rate at 3.64%
Nationwide is reducing mortgage rates by up to 0.25 percentage points on two, three, five, and 10-year fixed-rate products across its range. These changes take effect from Wednesday, 5 November.
Key Benefits for Various Borrowers
- First-time buyers, home movers, and those remortgaging or switching will all gain from the rate cuts.
- Sub-4% mortgage rates are now available to all types of borrowers.
Market-Leading Lowest Rate
The lowest rate now offered is 3.64%, available to both new and existing customers who are moving home and opting for a two-year fixed rate at 60% Loan-to-Value (LTV) with a £1,499 fee.
Rate Reductions Details
- Existing and new customers moving home can benefit from reductions of up to 0.24% across fixed-rate products up to 95% LTV.
- Nationwide continues to provide existing home movers with rates that are as low or lower than those available to new customers.
- Remortgage customers see reductions of up to 0.25% on two, three, five, and 10-year fixed rates up to 95% LTV.
- Switchers (existing Nationwide customers nearing the end of their mortgage deals) also receive rate reductions.
"Nationwide will be cutting rates by up to 0.25 percentage points on two, three, five and 10-year fixed rate products across its mortgage range."
"Nationwide’s lowest rate now stands at a market-leading 3.64% and is available to new and existing customers looking to move home and taking out a two-year fixed rate product at 60% Loan-to-Value (LTV) with a £1,499 fee."
These rate cuts demonstrate Nationwide's commitment to offering competitive mortgage deals for both new and existing customers across different borrowing needs.
Author’s summary: Nationwide has lowered its fixed mortgage rates by up to 0.25%, now offering a competitive lowest rate of 3.64% for home movers, benefiting new and existing customers alike.