Mortgage rates as low as 3.64% after Nationwide cuts
Nationwide has reduced its mortgage prices once more, offering a market-leading rate of 3.64% for those moving home. This two-year fixed-rate deal applies at 60% loan-to-value (LTV), meaning borrowers will need at least 40% equity. A fee of £1,499 applies.
The lender announced reductions of up to 0.25% across its mortgage range, which will also benefit first-time buyers and those seeking to remortgage. These changes follow a series of rate cuts by other major UK lenders, including TSB, over the past week.
“We’re making rate cuts across the majority of our fixed rate mortgage range with a number of sub-4% products and a market-leading rate for home movers,” said Carlo Pileggi, Nationwide’s head of mortgage products.
He added that these reductions aim to solidify Nationwide’s position as one of the most competitively priced lenders on the market.
The new rates take effect from Wednesday, 5 November, with borrowers encouraged to act quickly to take advantage of the lower costs.
Key details
- Headline rate: 3.64% (two-year fixed, 60% LTV)
- Minimum equity required: 40%
- Fee: £1,499
- Rate cuts: up to 0.25% across mortgage products
- Effective date: 5 November
Author’s summary: Nationwide has introduced significant mortgage rate cuts, offering deals as low as 3.64%, strengthening its stance as one of the most competitively priced UK lenders.