Nationwide has cut selected rates for its existing mortgage customers looking for a new deal.
As part of the Nationwide Loyalty Rate Mortgages initiative, which compares the Society’s mortgage rates for existing customers to those of its top six high street competitors, selected switcher rates will be reduced by up to 0.45 percentange points.
The Loyalty Rate Mortgages changes are as follows:
Two year fixed rates
- 70% LTV two year fixed rate with a £999 fee reduced to 1.89%.
- 75% LTV two year fixed rate with a £999 fee reduced to 1.89%.
- 80% LTV two year fixed rate with a £999 fee reduced to 2.29%.
Five year fixed rates
- 70% LTV five year fixed rate with a £999 fee reduced to 2.94%.
- 75% LTV five year fixed rate with a £999 fee reduced to 3.04%.
- 80% LTV five year fixed rate with a £999 fee reduced to 3.44%.
Two year tracker rates
- 60% LTV two year tracker rate with a £999 fee reduced to 1.44%.
- 70% LTV two year tracker rate with a £999 fee reduced to 1.44%.
- 75% LTV two year tracker rate with a £999 fee reduced to 1.44%.
- 80% LTV two year tracker rate with a £999 fee reduced to 1.94%.
Existing mortgage customers already benefit from an additional 0.10 percentage point discount on new customer rates.
The Loyalty Rate Mortgages initiative is only available to Nationwide’s existing mortgage customers who are looking to switch deal.
