Nationwide cuts 3-year fixed rates
Commenting Tracie Pearce, Nationwide’s head of group mortgages, product & pricing, said: “We are welcoming in the New Year with some exciting new mortgage rates.
“All customers can benefit from the reductions. It means the introduction of three-year fixed rates at just 2.69%, and five-year fixed rates at 2.99%. Existing customers still get access to our best deals, priced 0.10% below our new rates.”
The move comes within days of the society announcing rate cuts for those looking to buy a new build property.
Nationwide’s mortgage range now includes:
- Three-year fixed rate available for new customers at 2.69% (up to 60% LTV); 2.59% for existing customers;
- Three-year fixed rate available for new customers at 4.59% (up to 90% LTV); 4.49% for existing customers; and
- Five-year fixed rate available for new customers at 2.99% (up to 60% LTV); 2.89% for existing customers.
On these products there is a £900 product fee for house purchase, remortgage and existing customers moving home; a £400 product fee for first-time buyers; and a £99 booking fee (payable upfront and non-refundable).