According to the lender, two-year fixed rates have been reduced by up to 0.15% with 60% LTV products starting at 1.19% with a £999 fee and 1.59% with no fee. 90% LTV rates have been reduced to 2.24% with a £999 fee and 2.64% with no fee.
Nationwide confirmed that five-year fixed rates at 60% LTV now start at 1.89% with a £999 fee and 2.09% with no fee.
Selected tracker rates have also been reduced, with the two-year tracker at up to 60% LTV starting at 1.19% with a £999 fee and 1.59% with no fee. The five-year tracker with a £999 fee has been cut by 0.20% and now starts at 1.69% for up to 60% LTV products.
All Nationwide tracker mortgage products currently have no ERCs and existing mortgage customers can benefit from a 0.10% discount on the new customer rate.
All standard mortgage valuations are now fee-free, while first time buyers receive a £500 cashback to help with the cost of moving. Remortgage customers are able to benefit from a free standard valuation and the choice between free standard legal work and £250 cashback.
Henry Jordan, Nationwide’s Head of Mortgages, had this to say: “We are reducing selected rates across the fixed and tracker rate product ranges, for those with both large and small deposits. As well as offering a wide range of competitive mortgage rates, Nationwide also offers additional benefits to first time buyers, home movers and those remortgaging to the Society.”
