The Nationwide Building Society has reduced rates on its two-year fixed rate mortgages by up to 0.10 percentage points.
The mutual now has a two-year fixed rate for new borrowers at 2.49%.
Existing borrowers will continue receive rates 0.10 percentage points lower than new business rates, with rates for these customers now starting from 2.39%.
New deals include:
New 2.49% two-year fixed rate up to 60% LTV with £900 fee (2.39% for existing borrowers)
- First time buyers pay a reduced fee of £400
- Remortgage borrowers receive a free standard valuation and the choice of either free standard legals or £250 cashback, payable one month after completion
- A non-refundable booking fee of £99 is payable on reservation
New 2.99% two-year fixed rate up to 70% LTV with no fee (2.89% for existing borrowers)
- Remortgage borrowers receive a free standard valuation and the choice of either free standard legals or £250 cashback, payable one month after completion
- A non-refundable booking fee of £99 is payable on reservation
- First time buyers pay a reduced fee of £400
- A non-refundable booking fee of £99 is payable on reservation
New 4.39% two-year fixed rate up to 90% LTV with £900 fee (4.29% for existing borrowers)
The two-year fixed rate NewBuy product will remain unchanged.
Tracie Pearce, head of group mortgages at Nationwide, said: “These latest cuts paint a vibrant mortgage picture and are positive news for borrowers looking for the most competitive deals in the market.
“All eyes will be on our new two-year fixed rate deal at 2.49%, which is an extremely attractive deal for new customers.
“And with the other cuts that have recently taken place across our fixed rate mortgage range, there is something for all borrowers, whether they have a larger or smaller deposit.”
