Nationwide is to reduce some of its fixed rates by up to 0.35% and is also launching a two-year tracker at 60% loan-to-value (LTV). The changes will take place from tomorrow.
The society’s two-year fixed products up to 80% LTV are reducing to 1.54%. It’s three-year and five-year fixed rates are reducing by 0.35% to 1.79% on LTVs up to 80% and by 0.30% to 1.94% on LTVs up to 85%.
All products are available for remortgages and come with a £999 fee.
Nationwide’s new two-year tracker for remortgages comes with a rate of 1.29%. It will be available on loans above £300,000, up to 60% LTV, and has a £1,499 fee.
It is also increasing the rate on its two-year 90% LTV tracker by 0.10% to 1.99% with a £999 fee.
Henry Jordan, Nationwide’s director of mortgages, said: “The mortgage market remains really competitive and many borrowers continue to like the security of fixing their mortgage repayments, especially in time of economic uncertainty.
“These reductions demonstrate our commitment to offering competitive rates across the range of LTVs supporting borrowers no matter how much deposit they have.”