Nationwide Building Society has reduced mortgage rates by up to 0.25 percentage points across its fixed-rate range, marking the third set of pricing cuts it has announced during June.

The latest reductions, effective from Friday 26 June, apply to new and existing customers across first-time buyer, home mover, remortgage and switcher products.

Nationwide said rates have been reduced across selected two, three, five and 10-year fixed-rate mortgages, with its lowest fixed rate now standing at 4.19%.

The largest reductions, of up to 0.25 percentage points, are available within the society’s remortgage range.

FIRST-TIME BUYERS

Among the changes, first-time buyer products have been reduced by up to 0.18 percentage points, while home mover products have fallen by up to 0.15 percentage points. Existing Nationwide customers switching to a new deal can benefit from reductions of up to 0.14 percentage points.

The lender said its pricing pledge remains in place, ensuring switcher rates are the same as or lower than equivalent remortgage products. It also continues to offer existing customers moving home rates that are the same as, or lower than, those available to new customers.

SUPPORTING BORROWERS

Henry Jordan (main picture), group director of mortgages at Nationwide Building Society, said: “We’re delighted to be making another set of rate cuts this month.

“As an all-round lender, we’re committed to supporting all borrower types, and these latest reductions will help ensure Nationwide remains a strong choice for new and existing customers – whether they’re buying their first home, moving to their next, or looking for a new deal.”

The lender’s lowest available rate is now a 2-year fixed mortgage at 60% loan-to-value with a £1,499 fee, priced at 4.19%.

Nationwide has also retained its £500 cashback offer for first-time buyers on completion, while eligible customers purchasing energy-efficient homes can benefit from its Green Reward cashback scheme.