Nationwide is tomorrow cutting selected five year and two year fixed rates by up to 0.3 percentage points for existing Nationwide 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.
The Loyalty Rate Mortgages changes are as follows:
Five year fixed rates:
- 60% LTV 5 year fixed rate with a £999 fee reduced by 0.30 percentage points to 2.44%.
- 60% LTV 5 year fixed rate with no fee reduced by 0.30 percentage points to 2.64%.
Two year fixed rates:
- 70% LTV 2 year fixed rate with a £999 fee reduced by 0.05 percentage points to 1.74%.
- 70% LTV 2 year fixed rate with no fee reduced by 0.05 percentage points to 2.14%.
- 90% LTV 2 year fixed rate with a £999 fee reduced by 0.05 percentage points to 3.54%.
- 90% LTV 2 year fixed rate with no fee reduced by 0.05 percentage points to 3.94%.
Existing mortgage customers already benefit from an additional 0.10 percentage points discount on new customer rates.
