Nationwide Cuts Rates Across Mortgage Range
Nationwide is reducing mortgage rates by up to 0.25 percentage points on fixed-rate products with terms of two, three, five, and 10 years. These changes apply to both new and existing customers and will take effect from Wednesday, 5 November.
Key Rate Changes
- The lowest Nationwide mortgage rate is now 3.64%, available to new and existing customers moving home who choose a two-year fixed rate at 60% Loan-to-Value (LTV) with a £1,499 fee.
- Rate reductions of up to 0.24% for existing and new customers moving home on fixed-rate products up to 95% LTV.
- Remortgage customers benefit from reductions of up to 0.25% across similar fixed-rate products up to 95% LTV.
- Switchers—existing Nationwide customers nearing the end of their current mortgage deal—will also see rate cuts.
Customer Benefits
First-time buyers, home movers, remortgage applicants, and those switching products all gain from these cuts, with Nationwide offering sub-4% rates to all borrower types.
Nationwide continues to offer existing customers moving home rates that are the same or lower than equivalent rates for new customers.
Summary
These adjustments reinforce Nationwide's commitment to providing competitive mortgage rates for a wide range of customers.
Author’s summary: Nationwide has lowered fixed mortgage rates up to 0.25%, offering a market-leading 3.64% for two-year fixed mortgages at 60% LTV, benefiting buyers, movers, and remortgagers alike.