From today, Nationwide Building Society is cutting rates on selected two, three and five-year fixed rate mortgages at higher LTVs by up to 0.10%.
All mortgage rates in the two-year fixed product range, up to 95% LTV, have been reduced. The 60% LTV two-year fixed rate product now starts at 1.29% with a £999 fee and 1.69% with no fee.
95% LTV rates have been reduced to 4.09% with a £999 fee and 4.49% with no fee.
Selected three-year fixed rates at up to 80, 85 and 95% LTV have been reduced by 0.10%. Rates at up to 85% LTV now start at 1.74% with a £999 fee and 2.04% with no fee, and rates at 95% LTV have been reduced to 4.39% with a £999 fee and 4.69% with no fee.
Five-year fixed rates up to 80% LTV now start at 2.09% with a £999 fee and 2.29% with no fee.
Existing mortgage customers benefit from a 0.10% discount on the new customer rate. The Society also offers a range of additional benefits for both first time buyers and home movers. 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 a £500 cashback for legal work.
Henry Jordan, Nationwide’s Director of Mortgages, said: “We are reducing selected rates across the fixed rate product ranges, including 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.”