Nationwide reduces fixed and tracker rates

Published on

Nationwide Building Society

Nationwide Building Society is cutting fixed and tracker rates by up to 0.40 percentage points on Wednesday 25 July.

New rates include:

Five-year fixed rate available at 3.39% (70% LTV)

  • £900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home
  • £400 discounted product fee for first-time buyers

Four-year Flexclusive fixed rate available at 3.49% (70% LTV)

  • No product fee, £99 booking fee (payable upfront and non-refundable) for both homebuyers and remortgage customers who hold a FlexAccount with the Society as their main current account
  • Free standard valuation and free standard legal fees for both house purchase and remortgage.

Three-year fixed rate available at 3.29% (70% LTV)

  • £900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home
  • £400 discounted product fee for first-time buyers

Two-year fixed rate available at 2.99% (60%LTV)

  • £900 product fee, £99 booking fee (payable upfront and non-refundable) for remortgage, house purchase and existing customers moving home
  • £400 discounted product fee for first-time buyers

Tracker rates across two and three-year ranges are also reducing by 10bps.

“These latest cuts ensure our popular range of fixed rate mortgages remain very competitive,” said Tracie Pearce, Nationwide head of group mortgages. “It’s a clear demonstration of our ongoing commitment to being ‘On your side’, as we’ve made significant improvements for customers at all LTVs, not just reduced rates for those with the largest deposits.

“Indeed, these further cuts mean that our rates on NewBuy mortgages are particularly keen, with our five-year fixed rate NewBuy mortgages having dropped by 40bps at 95% LTV since launch.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...