Nationwide cuts fixed and tracker rates

Jake Carter

November 3, 2020

Nationwide house prices

Nationwide Building Society has reduced rates on its fixed and tracker products.

The building society has reduced rates on 2- and 5-year fixed products, as well as on 2-year tracker offerings, all at a maximum 60% LTV.

Notable reductions include the 60% LTV 2-year fix reduced by 0.4% to 1.34%, and the 60% LTV 5-year cut by 0.35% to 1.44%. Both offerings include a £999 fee, and are available to first-time buyers and house purchase.

Looking to remortgage offerings, the 60% LTV 5-year fix has been cut by 0.1% to 1.39%, and the 60% LTV 5-year fix has been reduced by 0.1% to 1.44%. The former deal includes a £1,499 fee, and the latter a £999 fee.

In addition, the 60% LTV 2-year tracker has been cut by 0.2% to 1.64%. This deal is within the shared equity range and includes a £999 fee.

Furthermore, the lender will be upping rates on select fixed rate and tracker switcher products up to 95% LTV by 0.35%.

Henry Jordan, director of mortgages at Nationwide Building Society, said: “With rates continually changing across the mortgage market at all LTVs, it’s important that Nationwide, as the UK’s second biggest lender, continues to offer attractive mortgage rates on both fixed and tracker mortgages.

“These latest changes will ensure we do so, while also re-affirming our support for borrowers with larger deposits.”

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